Sagefield Capital LP Takes Position in ATI Inc. (NYSE:ATI)

Sagefield Capital LP bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,155 shares of the basic materials company's stock, valued at approximately $2,210,000.

Several other large investors also recently modified their holdings of ATI. Mainstream Capital Management LLC purchased a new stake in ATI in the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC raised its holdings in shares of ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after acquiring an additional 288 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after acquiring an additional 1,690 shares during the period. Blue Trust Inc. boosted its holdings in ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 1,516 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in ATI by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares during the period.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman now owns 506,538 shares in the company, valued at approximately $34,535,760.84. This represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

ATI Stock Down 0.2%

ATI stock traded down $0.15 during trading on Thursday, hitting $75.03. 665,912 shares of the stock traded hands, compared to its average volume of 1,742,246. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $76.74. The firm's 50 day moving average is $56.20 and its two-hundred day moving average is $57.05.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $1.14 billion for 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 business's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. On average, sell-side analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ATI. Citigroup raised shares of ATI to a "positive" rating in a research report on Tuesday. Benchmark restated a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. Wall Street Zen upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. BTIG Research set a $90.00 target price on ATI and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Barclays lifted their price target on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned 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 $76.14.

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.