Guggenheim Capital LLC Purchases 9,109 Shares of ATI Inc. (NYSE:ATI)

Guggenheim Capital LLC increased its holdings in ATI Inc. (NYSE:ATI - Free Report) by 39.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,917 shares of the basic materials company's stock after purchasing an additional 9,109 shares during the period. Guggenheim Capital LLC's holdings in ATI were worth $1,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ATI. MML Investors Services LLC grew its stake in shares of ATI by 16.7% during the third quarter. MML Investors Services LLC now owns 6,311 shares of the basic materials company's stock valued at $422,000 after buying an additional 904 shares during the last quarter. Franklin Resources Inc. boosted its holdings in ATI by 16.2% during the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock valued at $27,993,000 after acquiring an additional 61,999 shares during the period. Lord Abbett & CO. LLC bought a new position in ATI during the 3rd quarter worth approximately $3,088,000. ORG Wealth Partners LLC purchased a new position in ATI in the 4th quarter worth approximately $25,000. Finally, Fragasso Financial Advisors Inc bought a new stake in ATI in the fourth quarter valued at approximately $403,000.

ATI Stock Up 0.5 %

Shares of ATI traded up $0.26 on Friday, reaching $52.71. The stock had a trading volume of 217,468 shares, compared to its average volume of 1,688,602. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $68.92. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a 50-day simple moving average of $51.70 and a 200-day simple moving average of $56.13.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion during 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 company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. Sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the 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 sale, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays lifted their target price 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. Susquehanna boosted their price objective on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. KeyCorp raised ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 target price on the stock in a research note on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and set a $81.00 price target on shares of ATI in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.29.

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.