11,440 Shares in ATI Inc. (NYSE:ATI) Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,440 shares of the basic materials company's stock, valued at approximately $765,000.

Several other large investors have also added to or reduced their stakes in ATI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ATI by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 580,194 shares of the basic materials company's stock valued at $38,821,000 after acquiring an additional 7,854 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ATI by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,482 shares of the basic materials company's stock valued at $1,906,000 after buying an additional 531 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of ATI during the third quarter valued at approximately $28,700,000. Glenmede Trust Co. NA boosted its position in shares of ATI by 3.7% during the third quarter. Glenmede Trust Co. NA now owns 21,100 shares of the basic materials company's stock valued at $1,412,000 after buying an additional 753 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of ATI during the third quarter valued at approximately $286,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ATI. Deutsche Bank Aktiengesellschaft lifted their price target on ATI from $81.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Susquehanna dropped their price target on ATI from $75.00 to $70.00 and set a "positive" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on ATI from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, August 21st. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of ATI in a report on Wednesday, August 7th. Finally, KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.71.

ATI Stock Performance

Shares of NYSE ATI traded down $0.47 during mid-day trading on Monday, hitting $59.70. The company had a trading volume of 1,346,098 shares, compared to its average volume of 1,446,324. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 2.08 and a beta of 1.08. ATI Inc. has a 1 year low of $38.04 and a 1 year high of $68.92. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock's 50-day moving average price is $60.82 and its 200-day moving average price is $60.58.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.12 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. ATI's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. On average, sell-side analysts forecast that ATI Inc. will post 2.27 earnings per share for the current year.

ATI announced that its board has authorized a share repurchase plan on Tuesday, September 3rd that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 9.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $62.23, for a total value of $1,555,750.00. Following the completion of the transaction, the chairman now directly owns 486,443 shares in the company, valued at approximately $30,271,347.89. This represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

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.