Tina Killough Busch Sells 9,900 Shares of ATI Inc. (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI - Get Free Report) SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink.

Tina Killough Busch also recently made the following trade(s):

• On Wednesday, December 4th, Tina Killough Busch sold 2,598 shares of ATI stock. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96.

ATI Stock Down 2.3 %

Shares of ATI traded down $1.48 during trading hours on Tuesday, reaching $61.73. The company's stock had a trading volume of 1,290,995 shares, compared to its average volume of 1,535,615. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.69 and a beta of 1.10. ATI Inc. has a 1-year low of $41.37 and a 1-year high of $68.92. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $57.33 and a two-hundred day moving average of $60.22.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm's revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that ATI Inc. will post 2.87 EPS for the current fiscal year.

Hedge Funds Weigh In On ATI

Hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in ATI in the fourth quarter worth approximately $25,000. Quarry LP increased its holdings in ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after buying an additional 412 shares during the last quarter. UMB Bank n.a. increased its holdings in ATI by 557.0% in the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company's stock worth $62,000 after buying an additional 791 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in ATI in the fourth quarter worth approximately $94,000. Finally, EverSource Wealth Advisors LLC grew its holdings in ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 288 shares during the last quarter.

Analyst Ratings Changes

ATI has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.86.

About ATI

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.