ATI Inc. (NYSE:ATI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,291 shares of the basic materials company's stock after purchasing an additional 16,975 shares during the quarter. Rhumbline Advisers owned 0.21% of ATI worth $16,748,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ATI. ORG Wealth Partners LLC bought a new position in ATI during the 4th quarter worth approximately $25,000. Quarry LP lifted its holdings in ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after buying an additional 412 shares during the last quarter. Blue Trust Inc. lifted its holdings in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after buying an additional 1,516 shares during the last quarter. KBC Group NV lifted its holdings in ATI by 12.9% during the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock worth $225,000 after buying an additional 385 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in ATI during the 3rd quarter worth approximately $249,000.

Insider Activity

In other news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares in the company, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares in the company, valued at approximately $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,498 shares of company stock worth $2,288,141. 0.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on ATI. Susquehanna increased 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 raised their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Benchmark raised their price target on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, StockNews.com raised 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 assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, ATI currently has an average rating of "Moderate Buy" and an average target price of $75.00.

ATI Stock Performance

ATI stock traded down $2.96 during mid-day trading on Friday, hitting $57.95. 1,150,693 shares of the company's stock traded hands, compared to its average volume of 1,728,107. The firm has a 50 day moving average price of $57.90 and a 200 day moving average price of $60.04. 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 company has a market cap of $8.27 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. ATI Inc. has a one year low of $45.61 and a one year high of $68.92.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results 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. The firm had revenue of $1.17 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. On average, equities analysts forecast that ATI Inc. will post 2.89 EPS for the current 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.