Moody Aldrich Partners LLC lowered its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 46.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,783 shares of the basic materials company's stock after selling 67,780 shares during the period. Moody Aldrich Partners LLC owned about 0.05% of ATI worth $4,281,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in shares of ATI during the 4th quarter worth approximately $25,000. Quarry LP purchased a new position in ATI during the second quarter worth approximately $26,000. UMB Bank n.a. boosted its stake in ATI by 557.0% during 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. Blue Trust Inc. grew its holdings in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after buying an additional 1,516 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of ATI in the 2nd quarter worth $217,000.
ATI Stock Up 3.7 %
ATI stock traded up $2.12 during mid-day trading on Wednesday, reaching $60.05. 888,343 shares of the company's stock were exchanged, compared to its average volume of 1,175,134. The company has a fifty day moving average of $57.01 and a 200-day moving average of $60.18. The company has a market cap of $8.57 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.53 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97. ATI Inc. has a twelve month low of $38.04 and a twelve month high of $68.92.
ATI (NYSE:ATI - Get Free Report) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.12 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. Sell-side analysts expect that ATI Inc. will post 2.28 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of ATI from $81.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Susquehanna decreased their price objective on ATI from $75.00 to $70.00 and set a "positive" rating on the stock in a report on Wednesday, October 30th. Finally, KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $73.71.
View Our Latest Stock Analysis on ATI
Insiders Place Their Bets
In other news, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the sale, the chairman now owns 436,443 shares in the company, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tina Killough Busch sold 2,598 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the transaction, the senior vice president now owns 21,553 shares in the company, valued at $1,293,611.06. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.
About ATI
(
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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