New Age Alpha Advisors LLC purchased a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,416 shares of the basic materials company's stock, valued at approximately $463,000.
Other large investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of ATI during the fourth quarter worth about $25,000. Quarry LP lifted its stake in ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after acquiring an additional 412 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of ATI in the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC increased its stake in shares of ATI by 20.0% in 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 raised its holdings in shares of ATI by 236.0% during 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.
Insider Buying and Selling
In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction 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 approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ATI shares. Benchmark upped their price target on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Susquehanna raised their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Barclays boosted 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 investment 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. Based on data from MarketBeat.com, ATI currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.
Get Our Latest Analysis on ATI
ATI Price Performance
Shares of ATI stock traded down $5.98 during trading hours on Friday, hitting $42.90. 3,384,748 shares of the company's stock were exchanged, compared to its average volume of 1,639,959. ATI Inc. has a fifty-two week low of $42.45 and a fifty-two week high of $68.92. The firm has a market cap of $6.05 billion, a P/E ratio of 16.83, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $56.30 and a two-hundred day moving average of $58.06.
ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping 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 company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current year.
ATI 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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