Proficio Capital Partners LLC Makes New $618,000 Investment in ATI Inc. (NYSE:ATI)

Proficio Capital Partners LLC acquired a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,228 shares of the basic materials company's stock, valued at approximately $618,000.

Several other hedge funds have also recently bought and sold shares of the stock. CIBC Asset Management Inc raised its position in ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock valued at $643,000 after buying an additional 240 shares during the last quarter. Quarry LP raised its position in shares of 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 last quarter. ORG Wealth Partners LLC bought a new position in shares of ATI in the 4th quarter worth $25,000. Finally, Nvwm LLC grew its stake in shares of ATI by 3.1% during the fourth quarter. Nvwm LLC now owns 16,453 shares of the basic materials company's stock worth $906,000 after purchasing an additional 499 shares during the period.

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 sale, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

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

ATI Stock Down 2.3 %

ATI traded down $1.25 on Thursday, hitting $52.75. 974,847 shares of the company were exchanged, compared to its average volume of 2,086,878. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The stock's fifty day moving average is $57.32 and its 200-day moving average is $58.60. The company has a market cap of $7.50 billion, a PE ratio of 20.69, a PEG ratio of 0.85 and a beta of 1.14. ATI Inc. has a 12 month low of $47.90 and a 12 month high of $68.92.

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. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

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.