WINTON GROUP Ltd Sells 65,553 Shares of ATI Inc. (NYSE:ATI)

WINTON GROUP Ltd lessened its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,916 shares of the basic materials company's stock after selling 65,553 shares during the period. WINTON GROUP Ltd's holdings in ATI were worth $2,802,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in shares of ATI by 149.4% during the third quarter. Cerity Partners LLC now owns 15,071 shares of the basic materials company's stock valued at $1,008,000 after acquiring an additional 9,027 shares in the last quarter. Bank of Montreal Can grew its position in ATI by 38.4% during the 3rd quarter. Bank of Montreal Can now owns 157,254 shares of the basic materials company's stock valued at $10,421,000 after purchasing an additional 43,648 shares during the last quarter. Qsemble Capital Management LP purchased a new position in ATI in the third quarter worth about $452,000. Quantbot Technologies LP bought a new position in shares of ATI in the third quarter worth approximately $969,000. Finally, Townsquare Capital LLC purchased a new stake in shares of ATI during the third quarter valued at approximately $286,000.

ATI Stock Performance

Shares of ATI stock traded up $0.56 during trading hours on Tuesday, reaching $52.59. 1,659,151 shares of the stock traded hands, compared to its average volume of 1,615,938. ATI Inc. has a one year low of $47.90 and a one year high of $68.92. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $56.88 and a 200 day moving average price of $58.34.

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ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.