Geode Capital Management LLC Has $118.39 Million Stock Position in ATI Inc. (NYSE:ATI)

Geode Capital Management LLC increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,150,204 shares of the basic materials company's stock after acquiring an additional 197,270 shares during the quarter. Geode Capital Management LLC owned 1.51% of ATI worth $118,389,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in shares of ATI in the fourth quarter worth $25,000. Quarry LP raised its stake in shares of ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after purchasing an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of ATI during the 4th quarter valued at about $94,000. EverSource Wealth Advisors LLC grew its stake in shares of ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after buying an additional 288 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after buying an additional 1,690 shares during the last quarter.

Insider Buying and Selling

In other news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Susquehanna increased their price target on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Benchmark lifted their target price on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given 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 Trading Up 2.4 %

Shares of NYSE ATI traded up $1.12 during midday trading on Monday, reaching $47.85. 86,269 shares of the stock were exchanged, compared to its average volume of 1,663,631. The business has a 50-day simple moving average of $54.42 and a two-hundred day simple moving average of $57.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.85 and a beta of 0.80. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $68.92.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data 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. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $0.64 EPS. ATI's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that ATI Inc. will post 2.89 EPS 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.