ATI Inc. (NYSE:ATI) is Jones Road Capital Management L.P.'s 9th Largest Position

Jones Road Capital Management L.P. increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 19.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 155,345 shares of the basic materials company's stock after purchasing an additional 25,000 shares during the period. ATI accounts for 4.2% of Jones Road Capital Management L.P.'s investment portfolio, making the stock its 9th largest position. Jones Road Capital Management L.P. owned about 0.11% of ATI worth $8,550,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in ATI during the fourth quarter worth about $25,000. Quarry LP increased its stake in shares of 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 period. Mainstream Capital Management LLC bought a new position in shares of ATI during the fourth quarter valued at about $94,000. EverSource Wealth Advisors LLC raised its position in ATI by 20.0% during the 4th 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. Finally, Smartleaf Asset Management LLC lifted its position in shares of ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after purchasing an additional 1,690 shares during the period.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.71% of the company's stock.

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ATI Stock Performance

ATI stock traded up $0.65 on Monday, hitting $47.38. The company had a trading volume of 257,648 shares, compared to its average volume of 1,664,224. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The stock's 50-day simple moving average is $54.42 and its 200 day simple moving average is $57.15. 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 posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. As a group, equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Susquehanna increased their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Finally, Benchmark lifted their price target on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $75.00.

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.