Amundi Grows Stake in ATI Inc. (NYSE:ATI)

Amundi boosted its holdings in ATI Inc. (NYSE:ATI - Free Report) by 231.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,326 shares of the basic materials company's stock after buying an additional 51,184 shares during the period. Amundi owned 0.05% of ATI worth $4,075,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in ATI by 32.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 105,948 shares of the basic materials company's stock worth $5,831,000 after buying an additional 25,964 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in ATI in the 4th quarter worth $4,331,000. Raymond James Financial Inc. purchased a new stake in ATI in the 4th quarter worth $44,155,000. Arizona State Retirement System increased its stake in ATI by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company's stock worth $1,988,000 after buying an additional 289 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in ATI in the 4th quarter worth $253,000.

ATI Trading Down 0.1 %

Shares of NYSE:ATI traded down $0.07 during trading on Thursday, reaching $52.28. 1,557,149 shares of the company were exchanged, compared to its average volume of 1,437,949. The firm has a market capitalization of $7.43 billion, a PE ratio of 20.50, a P/E/G ratio of 0.85 and a beta of 1.14. The business's fifty day simple moving average is $57.57 and its 200-day simple moving average is $58.85. ATI Inc. has a 12-month low of $47.58 and a 12-month high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

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ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for 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 was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. On average, research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company's stock, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on ATI. Barclays increased their price objective on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Susquehanna increased their price objective 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 report on Thursday, February 6th. Finally, Benchmark increased their price objective on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average 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.