Edgestream Partners L.P. Takes $4.33 Million Position in ATI Inc. (NYSE:ATI)

Edgestream Partners L.P. bought a new position in ATI Inc. (NYSE:ATI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 78,692 shares of the basic materials company's stock, valued at approximately $4,331,000. Edgestream Partners L.P. owned approximately 0.06% of ATI as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ATI. Versor Investments LP boosted its holdings in shares of ATI by 345.1% in the 3rd quarter. Versor Investments LP now owns 18,943 shares of the basic materials company's stock worth $1,267,000 after buying an additional 14,687 shares during the last quarter. Apollon Wealth Management LLC increased its stake in ATI by 7.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,514 shares of the basic materials company's stock worth $436,000 after acquiring an additional 457 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of ATI by 15.1% in the 3rd quarter. GSA Capital Partners LLP now owns 7,763 shares of the basic materials company's stock worth $519,000 after buying an additional 1,021 shares during the last quarter. Souders Financial Advisors raised its position in ATI by 6.1% during the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company's stock valued at $477,000 after purchasing an additional 411 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock worth $225,000 after acquiring an additional 385 shares in the last quarter.

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ATI Stock Performance

Shares of ATI stock traded down $0.92 during mid-day trading on Wednesday, reaching $50.97. The stock had a trading volume of 2,732,003 shares, compared to its average volume of 1,442,914. ATI Inc. has a 1-year low of $47.58 and a 1-year high of $68.92. The business's fifty day moving average is $58.10 and its 200-day moving average is $59.39. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 0.85 and a beta of 1.14.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.71% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ATI. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Benchmark boosted their target price on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Susquehanna upped their price objective on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. Finally, Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, ATI currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

ATI Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.