Proficio Capital Partners LLC purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,228 shares of the basic materials company's stock, valued at approximately $618,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC raised its stake in shares of ATI by 4,401.2% in the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company's stock valued at $629,683,000 after acquiring an additional 9,201,818 shares during the period. Forest Avenue Capital Management LP acquired a new stake in ATI in the 3rd quarter valued at $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in ATI by 177.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company's stock valued at $30,242,000 after purchasing an additional 289,229 shares during the period. Holocene Advisors LP acquired a new position in shares of ATI during the third quarter worth about $18,928,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of ATI in the fourth quarter worth about $8,103,000.
Insider Activity
In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 25,994 shares of the company's stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company's stock.
Analysts Set New Price Targets
ATI has been the topic of several analyst reports. Barclays raised their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Benchmark lifted their price objective 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. Susquehanna upped their target price on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus price target of $75.00.
View Our Latest Research Report on ATI
ATI Stock Down 1.6 %
Shares of ATI traded down $0.82 during midday trading on Thursday, hitting $50.14. The company had a trading volume of 1,409,083 shares, compared to its average volume of 1,442,349. The stock 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. The company's 50 day moving average price is $58.02 and its 200 day moving average price is $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.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.64 earnings per share. ATI's quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict 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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