Wellington Management Group LLP Has $24.84 Million Holdings in ATI Inc. (NYSE:ATI)

Wellington Management Group LLP decreased its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,225 shares of the basic materials company's stock after selling 109,486 shares during the period. Wellington Management Group LLP owned approximately 0.32% of ATI worth $24,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in shares of ATI during the 4th quarter valued at $25,000. Quarry LP lifted its holdings in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after purchasing an additional 412 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of ATI in the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC lifted 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.

Analysts Set New Price Targets

Several equities research analysts recently commented on ATI shares. Benchmark upped 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. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays upped their price target on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, Susquehanna lifted their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, ATI currently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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ATI Stock Up 0.8 %

Shares of ATI stock traded up $0.37 on Friday, hitting $46.75. The company's stock had a trading volume of 1,506,976 shares, compared to its average volume of 1,666,344. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.85 and a beta of 0.80. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $68.92. The firm's fifty day moving average price is $54.42 and its 200-day moving average price is $57.21.

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 for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. Research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the firm's 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 sale, the senior vice president now directly owns 25,994 shares of the company's stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.05% of the stock is owned by corporate insiders.

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.