SG Americas Securities LLC bought a new stake in ATI Inc. (NYSE:ATI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,516 shares of the basic materials company's stock, valued at approximately $249,000.
A number of other institutional investors and hedge funds also recently modified their holdings of ATI. Artemis Investment Management LLP purchased a new stake in ATI during the fourth quarter worth about $8,103,000. Covea Finance increased its stake in shares of ATI by 32.7% during the 4th 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 during the last quarter. Oak Thistle LLC bought a new stake in shares of ATI in the 4th quarter worth approximately $279,000. Wedmont Private Capital lifted its stake in ATI by 33.7% in the fourth quarter. Wedmont Private Capital now owns 4,838 shares of the basic materials company's stock valued at $267,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Fragasso Financial Advisors Inc bought a new position in ATI during the fourth quarter valued at $403,000.
Wall Street Analyst Weigh In
ATI has been the subject of several recent research reports. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Susquehanna boosted their target price on shares of ATI from $70.00 to $73.00 and gave the company 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. Finally, StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday. One 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. Based on data from MarketBeat.com, ATI presently has an average rating of "Moderate Buy" and a consensus target price of $74.86.
View Our Latest Research Report on ATI
Insider Activity at ATI
In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now owns 25,994 shares in the company, valued at approximately $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 can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the firm's 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 directly owns 436,443 shares of the company's stock, valued at $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,498 shares of company stock worth $2,288,141 over the last quarter. 0.71% of the stock is owned by corporate insiders.
ATI Trading Up 0.8 %
Shares of NYSE ATI traded up $0.50 during midday trading on Monday, reaching $63.26. The company had a trading volume of 1,413,140 shares, compared to its average volume of 1,549,335. The stock has a market cap of $9.02 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. ATI Inc. has a one year low of $41.37 and a one year high of $68.92. The firm's fifty day moving average price is $57.33 and its 200-day moving average price is $60.22. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.
ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. On average, equities research analysts anticipate that ATI Inc. will post 2.87 earnings per share for the current year.
About ATI
(
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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