ATI Inc. (NYSE:ATI) Stock Position Decreased by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in ATI Inc. (NYSE:ATI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 416,750 shares of the basic materials company's stock after selling 12,513 shares during the quarter. Alliancebernstein L.P. owned approximately 0.29% of ATI worth $22,938,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in ATI in the 4th quarter worth approximately $25,000. Quarry LP boosted its holdings in shares of ATI by 86.4% during the third 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 last quarter. Mainstream Capital Management LLC purchased a new stake in shares of ATI in the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC increased its stake in ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 288 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after buying an additional 1,690 shares during the period.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company'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 transaction of $657,459.00. Following the sale, the senior vice president now 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 filing with the SEC, which is available through this link. 1.05% of the stock is owned by company insiders.

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Analysts Set New Price Targets

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

ATI Stock Up 0.8 %

ATI traded up $0.37 during trading hours on Friday, reaching $46.75. 1,506,976 shares of the stock traded hands, compared to its average volume of 1,666,344. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $68.92. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm's fifty day simple moving average is $54.42 and its two-hundred day simple moving average is $57.21.

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 for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.64 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. As a group, analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.