Royce & Associates LP Acquires 22,780 Shares of ATI Inc. (NYSE:ATI)

Royce & Associates LP grew its position in ATI Inc. (NYSE:ATI - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 248,902 shares of the basic materials company's stock after buying an additional 22,780 shares during the period. Royce & Associates LP owned approximately 0.17% of ATI worth $13,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ATI. ORG Wealth Partners LLC acquired a new stake in ATI during the 4th quarter worth approximately $25,000. Quarry LP increased its position in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after acquiring an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of ATI during the fourth quarter worth $94,000. EverSource Wealth Advisors LLC raised its holdings in shares of ATI by 20.0% during 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 lifted its position in ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 1,690 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.71% of the company's stock.

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Wall Street Analyst Weigh In

ATI has been the subject of a number of research reports. 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. Benchmark upped their price objective on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Barclays lifted their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, ATI currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

ATI Stock Down 0.6 %

ATI traded down $0.33 on Friday, hitting $51.94. 25,958,296 shares of the company were exchanged, compared to its average volume of 1,537,327. The stock's fifty day moving average is $57.50 and its 200-day moving average is $58.80. ATI Inc. has a 12 month low of $47.90 and a 12 month high of $68.92. 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 company has a market cap of $7.38 billion, a PE ratio of 20.37, a PEG ratio of 0.85 and a beta of 1.14.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business's revenue was up 10.2% compared to the same quarter last year. 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.