Barrow Hanley Mewhinney & Strauss LLC reduced its position in ATI Inc. (NYSE:ATI - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304,155 shares of the basic materials company's stock after selling 55,415 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.91% of ATI worth $71,781,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in ATI during the fourth quarter valued at approximately $25,000. Quarry LP lifted its holdings in shares of ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after acquiring an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of ATI during the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC boosted its position in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after purchasing an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 1,690 shares in the last quarter.
Insider Transactions at ATI
In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was 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 $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.71% of the company's stock.
ATI Stock Down 6.8 %
Shares of ATI stock traded down $3.65 on Thursday, hitting $50.31. 1,039,418 shares of the company's stock traded hands, compared to its average volume of 1,615,664. ATI Inc. has a 52-week low of $47.90 and a 52-week high of $68.92. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.15 billion, a P/E ratio of 19.73, a PEG ratio of 0.85 and a beta of 1.14. The firm's 50-day moving average is $56.81 and its 200 day moving average is $58.31.
ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. Equities analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have commented on ATI shares. Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Susquehanna boosted their price target on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research 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. Finally, Benchmark boosted their target price on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One 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 company's stock. According to data from MarketBeat.com, ATI currently has an average rating of "Moderate Buy" and a consensus price target of $75.00.
Check Out Our Latest Report on ATI
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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