ATI (NYSE:ATI) Upgraded by StockNews.com to Hold Rating

ATI (NYSE:ATI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

ATI has been the topic of several other research reports. Susquehanna lowered their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of ATI from $81.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.71.

ATI Stock Performance

Shares of NYSE ATI traded down $0.31 during midday trading on Friday, hitting $57.16. 722,852 shares of the company's stock traded hands, compared to its average volume of 1,152,734. ATI has a 1 year low of $38.04 and a 1 year high of $68.92. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. The firm has a fifty day moving average of $57.02 and a 200 day moving average of $60.10.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.12 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. ATI's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, analysts forecast that ATI will post 2.28 earnings per share for the current year.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the transaction, the senior vice president now directly owns 21,553 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the sale, the chairman now directly owns 436,443 shares in the company, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company's stock.

Institutional Trading of ATI

A number of large investors have recently made changes to their positions in ATI. ORG Wealth Partners LLC bought a new stake in ATI during the 4th quarter valued at $25,000. Quarry LP bought a new position in shares of ATI during the second quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in ATI by 557.0% in the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company's stock worth $62,000 after buying an additional 791 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in ATI during the second quarter worth $217,000. Finally, GAMMA Investing LLC boosted its position in ATI by 66.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company's stock valued at $224,000 after acquiring an additional 1,330 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.