ATI (NYSE:ATI) Stock Rating Lowered by StockNews.com

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

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

ATI Stock Performance

NYSE:ATI traded down $0.63 during mid-day trading on Wednesday, hitting $57.16. The company's stock had a trading volume of 1,539,578 shares, compared to its average volume of 1,117,565. The business's fifty day moving average is $57.01 and its two-hundred day moving average is $60.14. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.60 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.

Insider Activity

In other news, SVP Tina Killough Busch sold 2,598 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now owns 21,553 shares of the company's stock, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI 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. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.71% of the company's stock.

Institutional Trading of ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in ATI. Envestnet Asset Management Inc. increased its stake in ATI by 15.0% during the second quarter. Envestnet Asset Management Inc. now owns 41,483 shares of the basic materials company's stock worth $2,300,000 after acquiring an additional 5,398 shares during the last quarter. Marshall Wace LLP increased its position in shares of ATI by 412.0% during the 2nd quarter. Marshall Wace LLP now owns 51,408 shares of the basic materials company's stock worth $2,851,000 after purchasing an additional 41,367 shares during the last quarter. Algert Global LLC raised its holdings in ATI by 348.8% in the 2nd quarter. Algert Global LLC now owns 24,412 shares of the basic materials company's stock valued at $1,354,000 after buying an additional 18,972 shares during the period. Creative Planning lifted its position in ATI by 30.0% in the second quarter. Creative Planning now owns 24,715 shares of the basic materials company's stock valued at $1,370,000 after buying an additional 5,705 shares during the last quarter. Finally, Quarry LP purchased a new position in ATI during the second quarter worth about $26,000.

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.