ATI Inc. (NYSE:ATI) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its holdings in ATI Inc. (NYSE:ATI - Free Report) by 89.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,942 shares of the basic materials company's stock after selling 139,190 shares during the quarter. ExodusPoint Capital Management LP's holdings in ATI were worth $932,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ATI. Cinctive Capital Management LP acquired a new stake in shares of ATI in the 4th quarter worth approximately $796,000. Geode Capital Management LLC boosted its position in ATI by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 2,150,204 shares of the basic materials company's stock worth $118,389,000 after purchasing an additional 197,270 shares in the last quarter. Pier 88 Investment Partners LLC grew its holdings in ATI by 3.0% in the fourth quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock valued at $419,000 after purchasing an additional 220 shares during the last quarter. Schroder Investment Management Group increased its position in shares of ATI by 9.7% in the fourth quarter. Schroder Investment Management Group now owns 392,273 shares of the basic materials company's stock valued at $21,524,000 after buying an additional 34,838 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of ATI by 11.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,240 shares of the basic materials company's stock worth $1,059,000 after buying an additional 1,941 shares during the last quarter.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on ATI. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Benchmark increased their price target on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Barclays raised their price objective 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, Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

ATI Trading Down 1.5 %

Shares of ATI traded down $0.70 during trading hours on Tuesday, hitting $46.93. The stock had a trading volume of 603,652 shares, compared to its average volume of 1,663,144. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $68.92. The firm has a market cap of $6.62 billion, a P/E ratio of 18.40, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The company's fifty day simple moving average is $54.06 and its 200 day simple moving average is $57.02.

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

Insider Activity at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the company's 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 sale, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is owned by 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.