FourThought Financial Partners LLC Buys New Holdings in ATI Inc. (NYSE:ATI)

FourThought Financial Partners LLC bought a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,536 shares of the basic materials company's stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mountaineer Partners Management LLC lifted its stake in ATI by 4,401.2% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company's stock valued at $629,683,000 after acquiring an additional 9,201,818 shares during the period. Geode Capital Management LLC lifted its stake 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 acquiring an additional 5,165 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in ATI by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,239 shares of the basic materials company's stock valued at $91,750,000 after acquiring an additional 24,224 shares during the period. Bank of New York Mellon Corp lifted its stake 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 valued at $49,049,000 after acquiring an additional 12,907 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in ATI by 17.8% during 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 acquiring an additional 104,267 shares during the period.

Analyst Ratings Changes

ATI has been the subject of several research reports. Barclays upped their price target on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Susquehanna raised their price target on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Finally, Benchmark increased their target price on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now owns 436,443 shares in the company, valued at $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,498 shares of company stock worth $2,288,141. Insiders own 0.71% of the company's stock.

ATI Stock Up 2.3 %

ATI traded up $1.34 on Friday, hitting $58.25. The company had a trading volume of 1,604,477 shares, compared to its average volume of 1,527,348. The stock has a fifty day moving average price of $58.12 and a 200-day moving average price of $59.90. ATI Inc. has a 12-month low of $47.58 and a 12-month high of $68.92. 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 stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.85 and a beta of 1.10.

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 the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI 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.