Ecor1 Capital adds ITI Inc (ITCI) to its portfolio

ITI Inc (ITCI) : Ecor1 Capital added new position in ITI Inc during the most recent quarter end. The investment management firm now holds 244,950 shares of ITI Inc which is valued at $9,869,036 , the company said in a statement filed on Aug 15, 2016 with the SEC.ITI Inc makes up approximately 4.26% of Ecor1 Capital’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in ITCI in the latest quarter, The investment management firm added 13,782 additional shares and now holds a total of 110,947 shares of ITI Inc which is valued at $4,470,055. ITI Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.New York State Common Retirement Fund reduced its stake in ITCI by selling 14,708 shares or 33.31% in the most recent quarter. The Hedge Fund company now holds 29,451 shares of ITCI which is valued at $1,186,581.State Board Of Administration Of Florida Retirement System boosted its stake in ITCI in the latest quarter, The investment management firm added 1,068 additional shares and now holds a total of 14,745 shares of ITI Inc which is valued at $629,906.Gilder Gagnon Howe Co boosted its stake in ITCI in the latest quarter, The investment management firm added 9,620 additional shares and now holds a total of 300,952 shares of ITI Inc which is valued at $12,320,975. ITI Inc makes up approx 0.23% of Gilder Gagnon Howe Co’s portfolio.Tocqueville Asset Management boosted its stake in ITCI in the latest quarter, The investment management firm added 8,500 additional shares and now holds a total of 86,175 shares of ITI Inc which is valued at $3,515,940. ITI Inc makes up approx 0.04% of Tocqueville Asset Management’s portfolio.

ITI Inc opened for trading at $40.35 and hit $40.96 on the upside on Thursday, eventually ending the session at $40.63, with a gain of 0.72% or 0.29 points. The heightened volatility saw the trading volume jump to 3,27,019 shares. Company has a market cap of $1,757 M.

On the company’s financial health, ITI Inc reported $-0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.79. The company had revenue of $.23 million for the quarter, compared to analysts expectations of $.02 million. The company’s revenue was up 283.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.61 EPS.

Many Wall Street Analysts have commented on ITI Inc. ITI Inc was Initiated by Piper Jaffray to “Overweight” on Jun 2, 2016.

ITI Inc. is a United States-based company. The Company is a subsidiary of Intra-Cellular Therapies Inc.

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