ATI (NYSE:ATI) Lowered to "Sell" Rating by StockNews.com

ATI (NYSE:ATI - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.

A number of other equities analysts have also issued reports on ATI. Deutsche Bank Aktiengesellschaft boosted their target price on shares of ATI from $81.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Susquehanna dropped their price objective on shares of ATI from $75.00 to $70.00 and set a "positive" rating on the stock in a report on Wednesday, October 30th. Finally, KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $73.71.

ATI Stock Performance

NYSE:ATI traded up $0.09 during midday trading on Thursday, reaching $55.61. The stock had a trading volume of 1,438,364 shares, compared to its average volume of 1,364,893. The stock has a market capitalization of $7.93 billion, a P/E ratio of 21.39, a PEG ratio of 1.95 and a beta of 1.12. ATI has a 1-year low of $38.04 and a 1-year high of $68.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. The firm's fifty day simple moving average is $56.93 and its 200-day simple moving average is $60.08.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). ATI had a net margin of 8.85% and a return on equity of 21.39%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that ATI will post 2.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tina Killough Busch sold 2,598 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the sale, the senior vice president now owns 21,553 shares in the company, valued at $1,293,611.06. The trade was a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $62.23, for a total value of $1,555,750.00. Following the completion of the transaction, the chairman now owns 486,443 shares in the company, valued at approximately $30,271,347.89. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,598 shares of company stock worth $3,186,432 in the last quarter. 0.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its stake in ATI by 3.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company's stock valued at $360,000 after buying an additional 172 shares during the last quarter. Beck Capital Management LLC boosted its stake in shares of ATI by 0.8% during the 2nd quarter. Beck Capital Management LLC now owns 34,229 shares of the basic materials company's stock worth $1,898,000 after buying an additional 262 shares during the last quarter. KBC Group NV grew its holdings in shares of ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock valued at $225,000 after acquiring an additional 385 shares in the last quarter. Souders Financial Advisors increased its position in shares of ATI by 6.1% in the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company's stock valued at $477,000 after acquiring an additional 411 shares during the last quarter. Finally, Quarry LP raised its holdings in ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after acquiring an additional 412 shares in the last quarter.

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.

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