Ieq Capital LLC Has $1.11 Million Holdings in ATI Inc. (NYSE:ATI)

Ieq Capital LLC raised its holdings in ATI Inc. (NYSE:ATI - Free Report) by 422.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,125 shares of the basic materials company's stock after acquiring an additional 16,272 shares during the quarter. Ieq Capital LLC's holdings in ATI were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of ATI by 12.9% during the third quarter. Creative Planning now owns 27,894 shares of the basic materials company's stock valued at $1,866,000 after purchasing an additional 3,179 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of ATI by 159.2% in the third quarter. Raymond James & Associates now owns 119,358 shares of the basic materials company's stock worth $7,986,000 after buying an additional 73,308 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of ATI by 3.3% in the third quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company's stock worth $360,000 after acquiring an additional 172 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ATI by 13.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,333 shares of the basic materials company's stock valued at $1,093,000 after acquiring an additional 1,936 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of ATI in the 3rd quarter valued at approximately $307,000.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now directly owns 436,443 shares in the company, valued at $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tina Killough Busch sold 9,900 shares of ATI 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,498 shares of company stock valued at $2,288,141 over the last 90 days. 1.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lifted their price objective 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. Susquehanna upped their price target on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. Benchmark raised their price objective on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One investment 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. Based on data from MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus price target of $75.00.

ATI Stock Up 2.3 %

Shares of ATI stock traded up $1.34 during trading on Friday, hitting $58.25. 1,604,477 shares of the stock traded hands, compared to its average volume of 1,526,378. The company has a fifty day moving average price of $58.04 and a two-hundred day moving average price of $59.93. ATI Inc. has a twelve month low of $47.58 and a twelve month high of $68.92. The stock has a market cap of $8.31 billion, a P/E ratio of 22.84, a PEG ratio of 0.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44.

ATI (NYSE:ATI - Get Free Report) last released 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 business had revenue of $1.17 billion during 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 quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. Equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

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.