ATI Inc. (NYSE:ATI) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in ATI Inc. (NYSE:ATI - Free Report) by 59.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,607 shares of the basic materials company's stock after selling 32,211 shares during the period. Mutual of America Capital Management LLC's holdings in ATI were worth $1,189,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ATI. Proficio Capital Partners LLC purchased a new stake in ATI during the 4th quarter valued at approximately $618,000. Oregon Public Employees Retirement Fund raised its position in ATI by 14.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,521 shares of the basic materials company's stock worth $1,845,000 after buying an additional 4,200 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of ATI by 3.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 69,555 shares of the basic materials company's stock worth $3,828,000 after acquiring an additional 2,404 shares during the period. Amalgamated Bank lifted its position in ATI by 11.6% in the fourth quarter. Amalgamated Bank now owns 43,475 shares of the basic materials company's stock valued at $2,393,000 after purchasing an additional 4,523 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in shares of ATI in the fourth quarter valued at approximately $800,000.

ATI Price Performance

Shares of ATI traded down $0.82 during mid-day trading on Thursday, reaching $50.14. 1,409,083 shares of the company's stock were exchanged, compared to its average volume of 1,442,349. The company has a 50-day simple moving average of $58.02 and a two-hundred day simple moving average of $59.33. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. ATI Inc. has a 52-week low of $47.58 and a 52-week high of $68.92. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 0.85 and a beta of 1.14.

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ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating 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 analyst estimates of $1.07 billion. During the same period last year, the company posted $0.64 earnings per share. The firm's revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

ATI Company 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.