Fisher Asset Management LLC Buys 5,417 Shares of ATI Inc. (NYSE:ATI)

Fisher Asset Management LLC raised its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 663,729 shares of the basic materials company's stock after buying an additional 5,417 shares during the period. Fisher Asset Management LLC owned about 0.47% of ATI worth $36,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mountaineer Partners Management LLC grew its holdings in shares of ATI by 4,401.2% during the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company's stock worth $629,683,000 after purchasing an additional 9,201,818 shares during the last quarter. Geode Capital Management LLC lifted its position in ATI by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company's stock valued at $130,709,000 after purchasing an additional 5,165 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of ATI by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,239 shares of the basic materials company's stock worth $91,750,000 after buying an additional 24,224 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in ATI by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 891,152 shares of the basic materials company's stock worth $49,049,000 after acquiring an additional 12,907 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of ATI by 17.8% in the 4th quarter. Principal Financial Group Inc. now owns 690,215 shares of the basic materials company's stock valued at $37,989,000 after purchasing an additional 104,267 shares during the period.

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Insider Activity at ATI

In other 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 transaction 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 $1,726,261.54. This trade represents a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

ATI Stock Down 1.4 %

Shares of ATI stock traded down $0.81 during trading hours on Thursday, hitting $57.04. 532,787 shares of the company were exchanged, compared to its average volume of 1,533,550. ATI Inc. has a 52 week low of $47.58 and a 52 week high of $68.92. 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 business has a 50 day moving average of $58.17 and a two-hundred day moving average of $59.75. The company has a market capitalization of $8.11 billion, a PE ratio of 22.37, a PEG ratio of 0.85 and a beta of 1.14.

ATI (NYSE:ATI - Get Free Report) last released its earnings results 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 return on equity of 21.16% and a net margin of 8.43%. The company's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.