ATI Inc. (NYSE:ATI) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in ATI Inc. (NYSE:ATI - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 509,564 shares of the basic materials company's stock after acquiring an additional 12,355 shares during the period. Victory Capital Management Inc. owned 0.36% of ATI worth $28,046,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new position in shares of ATI in the fourth quarter worth $25,000. Quarry LP lifted its stake in ATI by 86.4% in 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 in the last quarter. Mainstream Capital Management LLC purchased a new stake in ATI in the 4th quarter worth $94,000. Smartleaf Asset Management LLC boosted its holdings in shares of ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. grew its position 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 valued at $144,000 after purchasing an additional 1,516 shares in the last quarter.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company's stock.

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ATI Stock Performance

ATI traded up $1.63 on Friday, reaching $51.63. 1,272,375 shares of the stock were exchanged, compared to its average volume of 1,439,847. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company's 50-day moving average price is $58.02 and its 200 day moving average price is $59.33. The firm has a market capitalization of $7.34 billion, a PE ratio of 20.25, 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.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (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 the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. As a group, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ATI. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Benchmark increased their price objective 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. Susquehanna boosted 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. Finally, Barclays increased their price target on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

ATI 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.