Sei Investments Co. Decreases Stock Position in ATI Inc. (NYSE:ATI)

Sei Investments Co. decreased its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 31.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 170,966 shares of the basic materials company's stock after selling 76,667 shares during the period. Sei Investments Co. owned approximately 0.12% of ATI worth $9,410,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. ORG Wealth Partners LLC purchased a new position in ATI in the 4th quarter worth $25,000. Quarry LP increased its holdings in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after purchasing an additional 412 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of ATI in the fourth quarter worth about $94,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after buying an additional 1,690 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ATI shares. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Susquehanna raised their target price on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Benchmark boosted their target price on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays increased their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, ATI has a consensus rating of "Moderate Buy" and an average price target of $75.00.

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Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction dated Thursday, February 6th. The shares were 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 $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.71% of the company's stock.

ATI Stock Performance

ATI traded down $5.07 on Thursday, reaching $48.89. The stock had a trading volume of 3,025,466 shares, compared to its average volume of 1,626,132. The business's 50-day moving average price is $56.61 and its two-hundred day moving average price is $58.25. The company has a market cap of $6.95 billion, a P/E ratio of 19.17, a price-to-earnings-growth 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. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. Sell-side analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

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.