4,597 Shares in ATI Inc. (NYSE:ATI) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in ATI Inc. (NYSE:ATI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,597 shares of the basic materials company's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in shares of ATI in the 4th quarter worth $25,000. Quarry LP raised its holdings in shares of ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after purchasing an additional 412 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of ATI in the 4th quarter valued at about $94,000. Smartleaf Asset Management LLC grew its holdings in shares of ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after purchasing an additional 1,690 shares during the period. Finally, Blue Trust Inc. increased its position in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after purchasing an additional 1,516 shares in the last quarter.

ATI Stock Down 1.6 %

Shares of NYSE ATI traded down $0.82 during midday trading on Thursday, reaching $50.14. 1,922,604 shares of the company's stock were exchanged, compared to its average volume of 1,442,352. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 52-week low of $47.58 and a 52-week high of $68.92. The business's fifty day moving average price is $58.02 and its two-hundred day moving average price is $59.33. The stock has a market capitalization of $7.13 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14.

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

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

ATI has been the topic of a number of recent research reports. Benchmark lifted their price target on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, Susquehanna increased 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

ATI Company 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.