ATI Inc. (NYSE:ATI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 15.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 238,461 shares of the basic materials company's stock after selling 44,799 shares during the period. JPMorgan Chase & Co. owned 0.17% of ATI worth $13,125,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in ATI during the 4th quarter valued at $25,000. Mainstream Capital Management LLC purchased a new stake in shares of ATI during the fourth quarter valued at approximately $94,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC boosted 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 purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after acquiring an additional 1,516 shares during the period.

ATI Trading Down 0.8 %

Shares of ATI stock traded down $0.40 on Tuesday, hitting $47.23. The stock had a trading volume of 1,199,781 shares, compared to its average volume of 1,668,543. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $68.92. The company's 50 day moving average price is $53.73 and its 200-day moving average price is $56.95. The firm has a market capitalization of $6.66 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

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ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm's revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm'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 of the company's stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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