ATI Inc. (NYSE:ATI) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,000 shares of the basic materials company's stock after purchasing an additional 8,800 shares during the quarter. Louisiana State Employees Retirement System's holdings in ATI were worth $3,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC raised its stake in shares of ATI by 4,401.2% in the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company's stock worth $629,683,000 after purchasing an additional 9,201,818 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in ATI during the third quarter worth about $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in ATI by 177.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company's stock worth $30,242,000 after acquiring an additional 289,229 shares during the period. Holocene Advisors LP acquired a new stake in ATI during the third quarter worth about $18,928,000. Finally, Artemis Investment Management LLP acquired a new stake in ATI during the fourth quarter worth about $8,103,000.

ATI Trading Down 0.6 %

Shares of ATI stock traded down $0.35 on Friday, hitting $60.88. The stock had a trading volume of 1,293,741 shares, compared to its average volume of 1,519,570. The company's 50 day moving average price is $57.51 and its 200-day moving average price is $60.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.44. ATI Inc. has a 1 year low of $44.15 and a 1 year high of $68.92. The firm has a market capitalization of $8.68 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.69 and a beta of 1.10.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly 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 company 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 business earned $0.64 EPS. ATI's revenue was up 10.2% on a year-over-year basis. Analysts anticipate that ATI Inc. will post 2.87 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on ATI. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Susquehanna raised their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. Benchmark lifted their price objective on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. One 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the completion of the sale, the chairman now directly owns 436,443 shares of the company's stock, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the completion of the sale, the senior vice president now directly owns 21,553 shares of the company's stock, valued at $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,498 shares of company stock worth $2,288,141. 0.71% of the stock is currently owned by insiders.

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.