Amalgamated Bank raised its position in ATI Inc. (NYSE:ATI - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,475 shares of the basic materials company's stock after purchasing an additional 4,523 shares during the period. Amalgamated Bank's holdings in ATI were worth $2,393,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock valued at $643,000 after buying an additional 240 shares in the last quarter. KBC Group NV grew its holdings in ATI by 12.9% during the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock valued at $225,000 after buying an additional 385 shares during the last quarter. Souders Financial Advisors grew its holdings in ATI by 6.1% during the 3rd quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company's stock valued at $477,000 after buying an additional 411 shares during the last quarter. Finally, Quarry LP increased its position in 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 buying an additional 412 shares in the last quarter.
Insider Buying and Selling
In other news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were 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 owns 25,994 shares in the company, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.71% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Susquehanna upped their target price on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays raised 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. Finally, Benchmark boosted their price target on ATI from $80.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $75.00.
Get Our Latest Analysis on ATI
ATI Stock Performance
Shares of ATI stock traded down $0.36 during trading hours on Thursday, reaching $57.49. The company's stock had a trading volume of 497,677 shares, compared to its average volume of 1,532,625. ATI Inc. has a one year low of $47.58 and a one year high of $68.92. The company's 50 day simple moving average is $58.17 and its 200 day simple moving average is $59.75. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The stock has a market cap of $8.17 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14.
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, topping analysts' consensus estimates of $0.60 by $0.19. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. As a group, analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.
ATI Profile
(
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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