Thrivent Financial for Lutherans increased its stake in ATI Inc. (NYSE:ATI - Free Report) by 41.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,820 shares of the basic materials company's stock after purchasing an additional 40,079 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of ATI worth $7,586,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of ATI by 14.0% in 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 buying an additional 191,823 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in ATI in the third quarter worth $765,000. Franklin Resources Inc. increased its stake in ATI by 16.2% in the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock valued at $27,993,000 after acquiring an additional 61,999 shares during the last quarter. Covea Finance increased its stake in ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock valued at $3,578,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in ATI during the third quarter valued at about $28,700,000.
ATI Trading Down 2.3 %
Shares of ATI stock traded down $1.25 on Thursday, hitting $52.75. The stock had a trading volume of 974,848 shares, compared to its average volume of 1,525,687. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. ATI Inc. has a one year low of $47.90 and a one year high of $68.92. The stock's 50-day simple moving average is $57.32 and its two-hundred day simple moving average is $58.60. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.85 and a beta of 1.14.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.64 EPS. The company's revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ATI. Susquehanna upped their price objective on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Benchmark lifted their price target on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays boosted their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $75.00.
Get Our Latest Report on ATI
Insider Buying and Selling
In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by insiders.
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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