American Century Companies Inc. Grows Holdings in ATI Inc. (NYSE:ATI)

American Century Companies Inc. boosted its stake in ATI Inc. (NYSE:ATI - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,361,465 shares of the basic materials company's stock after purchasing an additional 160,364 shares during the period. American Century Companies Inc. owned about 0.95% of ATI worth $74,935,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in ATI by 14.5% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,452 shares of the basic materials company's stock valued at $1,676,000 after buying an additional 3,848 shares during the period. Magnetar Financial LLC bought a new stake in shares of ATI in the fourth quarter worth about $239,000. Maryland State Retirement & Pension System increased its holdings in ATI by 12.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 55,080 shares of the basic materials company's stock valued at $3,032,000 after purchasing an additional 6,007 shares during the period. Xponance Inc. raised its position in ATI by 15.5% during the 4th quarter. Xponance Inc. now owns 5,406 shares of the basic materials company's stock valued at $298,000 after purchasing an additional 724 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in ATI by 75.7% in the 4th quarter. Intech Investment Management LLC now owns 28,620 shares of the basic materials company's stock worth $1,575,000 after buying an additional 12,333 shares during the period.

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ATI Stock Down 3.3 %

Shares of NYSE ATI traded down $1.73 on Friday, reaching $51.01. 1,275,579 shares of the company's stock traded hands, compared to its average volume of 1,609,692. The business's 50 day simple moving average is $57.22 and its two-hundred day simple moving average is $58.56. ATI Inc. has a 12 month low of $47.90 and a 12 month high of $68.92. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data 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. 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 analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.64 EPS. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ATI shares. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Susquehanna raised their target price 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. Benchmark boosted 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. Finally, Barclays increased their price target on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of ATI 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 sale, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.71% of the company's stock.

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.