Bank of New York Mellon Corp Has $49.05 Million Stock Holdings in ATI Inc. (NYSE:ATI)

Bank of New York Mellon Corp lifted its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 891,152 shares of the basic materials company's stock after buying an additional 12,907 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of ATI worth $49,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ATI. Wealth Enhancement Advisory Services LLC boosted its position in shares of ATI by 13.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,333 shares of the basic materials company's stock worth $1,093,000 after buying an additional 1,936 shares during the period. Versor Investments LP boosted its position in shares of ATI by 345.1% during the third quarter. Versor Investments LP now owns 18,943 shares of the basic materials company's stock worth $1,267,000 after buying an additional 14,687 shares during the period. Apollon Wealth Management LLC boosted its position in shares of ATI by 7.5% during the third quarter. Apollon Wealth Management LLC now owns 6,514 shares of the basic materials company's stock worth $436,000 after buying an additional 457 shares during the period. GSA Capital Partners LLP boosted its position in shares of ATI by 15.1% during the third quarter. GSA Capital Partners LLP now owns 7,763 shares of the basic materials company's stock worth $519,000 after buying an additional 1,021 shares during the period. Finally, Souders Financial Advisors boosted its position in shares of ATI by 6.1% during the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company's stock worth $477,000 after buying an additional 411 shares during the period.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark boosted their target price on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Barclays boosted their target price on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Susquehanna boosted their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Finally, StockNews.com raised ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One investment 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

ATI Price Performance

Shares of NYSE ATI traded down $1.87 during trading on Friday, hitting $55.37. The company had a trading volume of 2,230,229 shares, compared to its average volume of 1,419,974. The business's 50-day moving average is $58.24 and its 200 day moving average is $59.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 52 week low of $47.58 and a 52 week high of $68.92. The company has a market cap of $7.87 billion, a P/E ratio of 21.71, a PEG ratio of 0.85 and a beta of 1.14.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the transaction, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.71% of the company's stock.

About ATI

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.