Fmr LLC Has $364.47 Million Position in ATI Inc. (NYSE:ATI)

FMR LLC trimmed its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,621,883 shares of the basic materials company's stock after selling 2,659,510 shares during the quarter. FMR LLC owned 4.64% of ATI worth $364,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in ATI by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after acquiring an additional 2,020,313 shares in the last quarter. Geode Capital Management LLC boosted its position in ATI by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 2,150,204 shares of the basic materials company's stock valued at $118,389,000 after buying an additional 197,270 shares in the last quarter. Channing Capital Management LLC grew its stake in ATI by 15.7% during the fourth quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company's stock worth $92,162,000 after buying an additional 226,977 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of ATI by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock valued at $86,031,000 after acquiring an additional 191,823 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of ATI in the 4th quarter worth approximately $85,047,000.

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Analyst Ratings Changes

A number of research firms have commented on ATI. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Susquehanna boosted 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. Benchmark raised 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. Finally, Barclays upped 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Activity at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the firm'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 transaction, the senior vice president now owns 25,994 shares in the company, 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 at the SEC website. 0.71% of the stock is owned by insiders.

ATI Stock Down 1.0 %

ATI traded down $0.50 during trading on Tuesday, hitting $47.13. The company had a trading volume of 686,748 shares, compared to its average volume of 1,663,531. The company has a market capitalization of $6.65 billion, a PE ratio of 18.49, a PEG ratio of 0.85 and a beta of 0.80. The company has a quick ratio of 1.32, a current ratio of 2.44 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 firm's 50-day moving average price is $54.06 and its 200 day moving average price is $57.02.

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, beating 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.64 EPS. ATI's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

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.