Schroder Investment Management Group Acquires 34,838 Shares of ATI Inc. (NYSE:ATI)

Schroder Investment Management Group increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 392,273 shares of the basic materials company's stock after buying an additional 34,838 shares during the period. Schroder Investment Management Group owned 0.28% of ATI worth $21,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in ATI by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock worth $86,031,000 after acquiring an additional 191,823 shares during the period. Franklin Resources Inc. grew its stake in ATI by 16.2% during the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock worth $27,993,000 after purchasing an additional 61,999 shares during the period. Covea Finance increased its holdings in ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock worth $3,578,000 after purchasing an additional 16,000 shares in the last quarter. Maven Securities LTD acquired a new position in ATI in the third quarter valued at approximately $1,723,000. Finally, Cerity Partners LLC boosted its holdings in shares of ATI by 149.4% during the 3rd quarter. Cerity Partners LLC now owns 15,071 shares of the basic materials company's stock worth $1,008,000 after buying an additional 9,027 shares in the last quarter.

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ATI Stock Down 1.2 %

NYSE ATI traded down $0.50 during trading hours on Monday, hitting $42.50. The company's stock had a trading volume of 3,337,193 shares, compared to its average volume of 1,646,722. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company's 50-day simple moving average is $56.02 and its two-hundred day simple moving average is $57.90. The company has a market capitalization of $6.00 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. ATI Inc. has a 52 week low of $39.23 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Susquehanna lifted their price objective 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. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Benchmark increased their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays boosted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI 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 transaction, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company's stock.

ATI Company Profile

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.