TradeLink Capital LLC purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,071 shares of the basic materials company's stock, valued at approximately $279,000. ATI makes up approximately 2.8% of TradeLink Capital LLC's investment portfolio, making the stock its 15th biggest holding.
Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in ATI during the fourth quarter worth approximately $25,000. Quarry LP grew its position in ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after purchasing an additional 412 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in ATI in the fourth quarter valued at $94,000. Smartleaf Asset Management LLC raised its holdings in shares of 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. Finally, Blue Trust Inc. grew its holdings in shares of ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after buying an additional 1,516 shares during the last quarter.
Insider Activity at ATI
In other news, SVP Tina Killough Busch sold 9,900 shares of the business's 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 directly owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several analysts have commented on ATI shares. Susquehanna upped their price objective on 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 ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Barclays boosted their price objective on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Benchmark boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.
Check Out Our Latest Research Report on ATI
ATI Price Performance
ATI stock traded down $0.82 during midday trading on Thursday, hitting $50.14. 1,956,069 shares of the stock were exchanged, compared to its average volume of 1,442,485. 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 stock has a market cap of $7.13 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 0.85 and a beta of 1.14. ATI Inc. has a fifty-two week low of $47.58 and a fifty-two week high of $68.92. The stock's 50-day moving average price is $58.02 and its 200-day moving average price is $59.33.
ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.64 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.
ATI Profile
(
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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