Frontier Capital Management Co. LLC Has $168.34 Million Stake in ATI Inc. (NYSE:ATI)

Frontier Capital Management Co. LLC trimmed its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,058,551 shares of the basic materials company's stock after selling 62,660 shares during the quarter. ATI comprises about 1.6% of Frontier Capital Management Co. LLC's investment portfolio, making the stock its 3rd largest holding. Frontier Capital Management Co. LLC owned approximately 2.14% of ATI worth $168,343,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ATI. Capital World Investors raised its position in shares of ATI by 100.5% in the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after buying an additional 3,446,919 shares in the last quarter. Dendur Capital LP increased its holdings in ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after purchasing an additional 3,058,628 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock valued at $844,061,000 after buying an additional 2,020,313 shares during the period. Norges Bank acquired a new stake in ATI during the 4th quarter worth approximately $85,047,000. Finally, Capital International Investors lifted its holdings in ATI by 5.4% during the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after buying an additional 817,182 shares during the period.

ATI Stock Up 0.6 %

ATI stock traded up $0.40 during midday trading on Friday, reaching $71.46. The stock had a trading volume of 1,920,363 shares, compared to its average volume of 1,730,616. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $72.33. The company has a fifty day moving average price of $52.71 and a two-hundred day moving average price of $56.07. The company has a market capitalization of $10.08 billion, a P/E ratio of 28.02, a PEG ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.48 EPS. ATI's revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 of the company's stock, valued at $34,535,760.84. The trade was a 8.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Susquehanna raised their price objective on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. BTIG Research set a $90.00 price objective on shares of ATI and gave the company a "buy" rating in a research note on Monday, May 5th. KeyCorp raised shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 target price for the company in a research note on Wednesday, April 23rd. Barclays increased their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.