ATI Inc. (NYSE:ATI) Shares Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 59.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,530 shares of the basic materials company's stock after purchasing an additional 16,902 shares during the quarter. EFG Asset Management North America Corp.'s holdings in ATI were worth $2,507,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after purchasing an additional 192 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of ATI by 2.1% during the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after acquiring an additional 240 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after acquiring an additional 288 shares during the last quarter. Arizona State Retirement System lifted its position in ATI by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company's stock valued at $1,988,000 after acquiring an additional 289 shares during the last quarter. Finally, Quarry LP boosted its stake in 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 acquiring an additional 412 shares in the last quarter.

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ATI Price Performance

ATI stock traded down $1.73 during mid-day trading on Friday, reaching $51.01. The company's stock had a trading volume of 1,275,579 shares, compared to its average volume of 1,609,692. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company's 50 day moving average is $57.10 and its two-hundred day moving average is $58.50. ATI Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $68.92. The stock has a market cap of $7.25 billion, a PE ratio of 20.00, a P/E/G ratio of 0.85 and a beta of 1.14.

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

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the business'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 sale, the senior vice president now directly owns 25,994 shares of the company's stock, valued at approximately $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 this hyperlink. Corporate insiders own 0.71% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays increased their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Susquehanna upped their price objective on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Benchmark lifted their price objective on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

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.