Boothbay Fund Management LLC Invests $4.49 Million in ATI Inc. (NYSE:ATI)

Boothbay Fund Management LLC purchased a new position in ATI Inc. (NYSE:ATI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 81,656 shares of the basic materials company's stock, valued at approximately $4,494,000. Boothbay Fund Management LLC owned about 0.06% of ATI as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its holdings in shares of ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after acquiring an additional 192 shares in the last quarter. Keystone Financial Group increased its stake in ATI by 5.3% during the 4th quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 200 shares in the last quarter. Pier 88 Investment Partners LLC raised its holdings in ATI by 3.0% in the fourth quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock worth $419,000 after buying an additional 220 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after buying an additional 240 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 buying an additional 288 shares during the last quarter.

ATI Stock Performance

Shares of NYSE:ATI traded up $7.65 during trading on Thursday, hitting $62.03. The company's stock had a trading volume of 5,171,879 shares, compared to its average volume of 2,112,590. 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 12 month low of $39.23 and a 12 month high of $68.92. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a 50-day moving average of $51.15 and a 200-day moving average of $55.86.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 21.16% and a net margin of 8.43%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.48 EPS. ATI's revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company'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 value 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 $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ATI shares. KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price objective for the company in a report on Wednesday, April 23rd. Susquehanna upped their price target on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Benchmark reiterated a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. Barclays upped their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.29.

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.