Maryland State Retirement & Pension System lifted its stake in ATI Inc. (NYSE:ATI - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,080 shares of the basic materials company's stock after acquiring an additional 6,007 shares during the period. Maryland State Retirement & Pension System's holdings in ATI were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in ATI. ORG Wealth Partners LLC acquired a new stake in ATI in the fourth quarter worth approximately $25,000. Quarry LP lifted its holdings in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after buying an additional 412 shares during the period. Mainstream Capital Management LLC bought a new position in ATI during the fourth quarter valued at about $94,000. 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 worth $95,000 after acquiring an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake 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 last quarter.
ATI Stock Up 0.0 %
Shares of ATI stock traded up $0.02 during trading on Tuesday, hitting $54.21. 1,720,890 shares of the stock traded hands, compared to its average volume of 1,520,412. The stock has a market cap of $7.71 billion, a P/E ratio of 21.26, a PEG ratio of 0.85 and a beta of 1.14. The company has a fifty day moving average price of $57.42 and a two-hundred day moving average price of $58.66. ATI Inc. has a twelve month low of $47.90 and a twelve month high of $68.92. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The company's revenue was up 10.2% compared to the same quarter last year. Equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Susquehanna boosted their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Barclays upped their price target on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, Benchmark lifted their price target on ATI from $80.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.
View Our Latest Stock Report on ATI
Insider Activity
In other news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares of the company's stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.
ATI Company Profile
(
Free Report)
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.
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