AGP Franklin LLC acquired a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 38,294 shares of the basic materials company's stock, valued at approximately $2,108,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Guggenheim Capital LLC lifted its holdings in ATI by 39.9% during the 4th quarter. Guggenheim Capital LLC now owns 31,917 shares of the basic materials company's stock worth $1,757,000 after buying an additional 9,109 shares during the last quarter. Walleye Capital LLC raised its position in shares of ATI by 592.6% during the 4th quarter. Walleye Capital LLC now owns 143,258 shares of the basic materials company's stock valued at $7,885,000 after acquiring an additional 122,575 shares in the last quarter. Barclays PLC lifted its stake in ATI by 12.2% during the fourth quarter. Barclays PLC now owns 58,959 shares of the basic materials company's stock worth $3,245,000 after purchasing an additional 6,418 shares during the last quarter. Keystone Financial Group increased its stake in ATI by 5.3% during the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 200 shares during the last quarter. Finally, Townsquare Capital LLC raised its holdings in shares of ATI by 43.1% during the fourth quarter. Townsquare Capital LLC now owns 6,117 shares of the basic materials company's stock worth $337,000 after purchasing an additional 1,842 shares during the period.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Susquehanna lifted their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Benchmark boosted their price objective on ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Barclays raised their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.
Check Out Our Latest Stock Report on ATI
ATI Price Performance
ATI stock traded down $0.22 during trading on Friday, hitting $45.51. 2,070,690 shares of the stock traded hands, compared to its average volume of 1,686,672. 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 stock has a market cap of $6.42 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.85 and a beta of 0.80. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. The company has a 50 day simple moving average of $52.71 and a 200 day simple moving average of $56.52.
ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. Equities analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.
Insider Activity at ATI
In other 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 value of $657,459.00. Following the completion of the transaction, the senior vice president now 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 Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.
ATI Company Profile
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Free Report)
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.
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