Channing Capital Management LLC grew its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,674,461 shares of the basic materials company's stock after buying an additional 226,977 shares during the period. ATI accounts for about 2.5% of Channing Capital Management LLC's investment portfolio, making the stock its 9th biggest holding. Channing Capital Management LLC owned 1.17% of ATI worth $92,162,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in ATI during the 4th quarter valued at about $25,000. Quarry LP raised its stake 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 buying an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of ATI in the fourth quarter valued at $94,000. Smartleaf Asset Management LLC boosted its stake 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 valued at $132,000 after buying an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after acquiring an additional 1,516 shares during the period.
Insider Buying and Selling at ATI
In other news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction that occurred 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 owns 25,994 shares of the company's stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company's stock.
ATI Stock Up 3.3 %
NYSE:ATI traded up $1.63 during mid-day trading on Friday, reaching $51.63. The stock had a trading volume of 1,272,375 shares, compared to its average volume of 1,439,847. The stock has a market cap of $7.34 billion, a P/E ratio of 20.25, a PEG ratio of 0.85 and a beta of 1.14. The business's 50 day moving average is $58.02 and its 200 day moving average is $59.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. ATI Inc. has a fifty-two week low of $47.58 and a fifty-two week high of $68.92.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $0.64 EPS. ATI's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on ATI shares. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Benchmark raised their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Susquehanna increased their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Finally, Barclays lifted their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $75.00.
Check Out Our Latest Stock Analysis on ATI
About ATI
(
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.
Further Reading
Before you consider ATI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.
While ATI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
