ATI Inc. (NYSE:ATI) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in ATI Inc. (NYSE:ATI - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,652 shares of the basic materials company's stock after purchasing an additional 6,630 shares during the period. Advisors Asset Management Inc. owned approximately 0.06% of ATI worth $4,604,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ATI. ORG Wealth Partners LLC purchased a new position in ATI in the 4th quarter valued at $25,000. Quarry LP boosted its holdings in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after acquiring an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of ATI during the fourth quarter worth about $94,000. EverSource Wealth Advisors LLC raised its holdings in ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after purchasing an additional 288 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 1,690 shares during the period.

Analyst Upgrades and Downgrades

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

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Insider Transactions at ATI

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

ATI Price Performance

ATI stock traded up $2.21 during trading hours on Monday, hitting $54.25. The stock had a trading volume of 2,061,728 shares, compared to its average volume of 1,520,691. ATI Inc. has a 1-year low of $47.90 and a 1-year high of $68.92. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.85 and a beta of 1.14. The stock's fifty day moving average is $57.44 and its two-hundred day moving average is $58.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the company earned $0.64 EPS. The firm's revenue was up 10.2% on a year-over-year basis. As a group, analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

About ATI

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.