Ramius Advisors LLC Takes $1.52 Million Position in Atotech Limited (NYSE:ATC)

Ramius Advisors LLC bought a new stake in shares of Atotech Limited (NYSE:ATC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 59,600 shares of the company’s stock, valued at approximately $1,522,000. Atotech makes up about 0.6% of Ramius Advisors LLC’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG bought a new stake in shares of Atotech during the 1st quarter valued at about $71,000. Pinz Capital Management LP bought a new stake in shares of Atotech during the 1st quarter valued at about $100,000. Royal Bank of Canada bought a new stake in shares of Atotech during the 1st quarter valued at about $135,000. Mint Tower Capital Management B.V. bought a new stake in shares of Atotech during the 2nd quarter valued at about $191,000. Finally, Laurion Capital Management LP bought a new stake in shares of Atotech during the 1st quarter valued at about $203,000. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

Atotech stock traded up $0.27 during trading hours on Wednesday, hitting $24.02. The stock had a trading volume of 3,871 shares, compared to its average volume of 670,875. The company has a quick ratio of 1.41, a current ratio of 1.81 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $4.68 billion and a P/E ratio of -30.84. Atotech Limited has a 12-month low of $17.00 and a 12-month high of $26.67. The stock’s 50-day moving average price is $23.91 and its 200-day moving average price is $23.35.

Atotech (NYSE:ATC) last issued its earnings results on Tuesday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Atotech had a negative net margin of 0.59% and a negative return on equity of 1.20%. On average, research analysts expect that Atotech Limited will post 1.01 EPS for the current fiscal year.

ATC has been the topic of several research reports. Royal Bank of Canada lowered shares of Atotech from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $27.00 to $26.00 in a research note on Wednesday, July 28th. JPMorgan Chase & Co. lowered shares of Atotech from an “overweight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a research note on Thursday, August 12th. UBS Group lowered shares of Atotech from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $27.00 to $26.00 in a research note on Tuesday, July 6th. Zacks Investment Research raised shares of Atotech from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Wednesday, August 11th. Finally, CL King initiated coverage on shares of Atotech in a research note on Thursday, July 1st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Atotech currently has a consensus rating of “Hold” and a consensus price target of $24.80.

About Atotech

Atotech Limited, a chemicals technology company, provides specialty electroplating and surface finishing solutions worldwide. The company operates in two segments, Electronics (EL) and General Metal Finishing (GMF). The EL segment manufactures and supplies chemistry, production equipment, and services to the electronics industry, which include printed circuit board manufacturers, package substrate makers, and semiconductor companies.

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Institutional Ownership by Quarter for Atotech (NYSE:ATC)

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