Maven Securities LTD Sells 20,150 Shares of ATI Inc. (NYSE:ATI)

Maven Securities LTD lowered its stake in ATI Inc. (NYSE:ATI - Free Report) by 78.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the basic materials company's stock after selling 20,150 shares during the period. Maven Securities LTD's holdings in ATI were worth $308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fragasso Financial Advisors Inc acquired a new position in shares of ATI during the fourth quarter valued at about $403,000. Wedmont Private Capital raised its position in shares of ATI by 33.7% during the fourth quarter. Wedmont Private Capital now owns 4,838 shares of the basic materials company's stock valued at $267,000 after buying an additional 1,220 shares during the last quarter. Oak Thistle LLC bought a new stake in ATI in the fourth quarter worth $279,000. Covea Finance boosted its stake in shares of ATI by 32.7% during the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock valued at $3,578,000 after purchasing an additional 16,000 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in ATI in the fourth quarter worth about $8,103,000.

ATI Stock Performance

Shares of ATI stock traded up $0.02 on Monday, reaching $76.30. The stock had a trading volume of 313,092 shares, compared to its average volume of 1,737,687. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $76.56. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 0.85 and a beta of 1.01. The firm's 50-day moving average is $54.70 and its two-hundred day moving average is $56.62. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping 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 company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the firm earned $0.48 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATI has been the topic of several recent research reports. Benchmark reissued a "buy" rating and set a $81.00 price target on shares of ATI in a research report on Monday, April 21st. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays upped their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. BTIG Research set a $90.00 price objective on shares of ATI and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, KeyCorp upgraded ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.14.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction on 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 directly owns 506,538 shares of the company's stock, valued at $34,535,760.84. The trade was a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

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.