Boothbay Fund Management LLC Buys New Holdings in ATI Inc. (NYSE:ATI)

Boothbay Fund Management LLC bought a new stake in ATI Inc. (NYSE:ATI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 81,656 shares of the basic materials company's stock, valued at approximately $4,494,000. Boothbay Fund Management LLC owned approximately 0.06% of ATI at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of ATI in the 4th quarter valued at approximately $8,425,000. Voya Investment Management LLC raised its position in shares of ATI by 22.6% in the 4th quarter. Voya Investment Management LLC now owns 58,191 shares of the basic materials company's stock valued at $3,203,000 after buying an additional 10,735 shares in the last quarter. Cartenna Capital LP acquired a new position in shares of ATI in the 4th quarter valued at approximately $24,369,000. Syon Capital LLC acquired a new position in shares of ATI in the 4th quarter valued at approximately $232,000. Finally, Dendur Capital LP raised its position in shares of ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after buying an additional 3,058,628 shares in the last quarter.

Insider Buying and Selling

In other news, SVP Tina Killough Busch sold 9,900 shares of ATI 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

ATI Trading Down 0.1 %

NYSE:ATI traded down $0.08 during trading hours on Tuesday, hitting $53.77. 1,895,163 shares of the company were exchanged, compared to its average volume of 1,698,274. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. The company has a fifty day simple moving average of $51.22 and a 200 day simple moving average of $55.88.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. Sell-side analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATI. Benchmark reiterated a "buy" rating and set a $81.00 price objective on shares of ATI in a research report on Monday, April 21st. Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price objective for the company in a research report on Wednesday, April 23rd. Susquehanna upped their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $73.29.

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.