Corient Private Wealth LLC Has $18.29 Million Position in ATI Inc. (NYSE:ATI)

Corient Private Wealth LLC grew its holdings in ATI Inc. (NYSE:ATI - Free Report) by 111.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 332,302 shares of the basic materials company's stock after purchasing an additional 174,903 shares during the quarter. Corient Private Wealth LLC owned about 0.23% of ATI worth $18,290,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in shares of ATI in the fourth quarter valued at about $25,000. Quarry LP lifted its stake in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after buying an additional 412 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of ATI in the fourth quarter valued at about $94,000. EverSource Wealth Advisors LLC lifted its stake in shares of ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after buying an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after buying an additional 1,690 shares during the period.

ATI Price Performance

Shares of NYSE:ATI traded down $0.33 during trading on Friday, reaching $51.94. The stock had a trading volume of 25,958,296 shares, compared to its average volume of 1,515,218. ATI Inc. has a 52 week low of $47.90 and a 52 week high of $68.92. The business's 50-day moving average price is $57.44 and its 200 day moving average price is $58.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The stock has a market capitalization of $7.38 billion, a PE ratio of 20.37, a P/E/G ratio of 0.85 and a beta of 1.14.

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ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. ATI's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ATI shares. Benchmark increased their target price on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Susquehanna raised their price target on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Barclays raised their price target on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Activity

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

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.