ATI Inc. (NYSE:ATI) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co decreased its position in ATI Inc. (NYSE:ATI - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,994 shares of the basic materials company's stock after selling 11,519 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.09% of ATI worth $7,430,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in ATI by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock valued at $86,031,000 after buying an additional 191,823 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of ATI by 16.2% during the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock worth $27,993,000 after acquiring an additional 61,999 shares in the last quarter. Covea Finance increased its holdings in shares of ATI by 32.7% in the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock valued at $3,578,000 after acquiring an additional 16,000 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ATI by 137.7% in the 4th 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 during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of ATI during the 4th quarter worth about $618,000.

Analyst Ratings Changes

Several equities analysts have commented on ATI shares. Susquehanna increased their price target on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Benchmark reiterated a "buy" rating and set a $81.00 price target on shares of ATI in a research note on Monday, April 21st. 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 research note on Wednesday, April 23rd. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Barclays upped their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.29.

ATI Stock Performance

NYSE:ATI traded up $0.76 during midday trading on Monday, reaching $53.85. The stock had a trading volume of 1,948,881 shares, compared to its average volume of 1,697,064. 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 stock has a market cap of $7.60 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.85 and a beta of 0.80. The firm has a fifty day simple moving average of $51.37 and a two-hundred day simple moving average of $55.89. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $68.92.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 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 quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company's stock, 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 this hyperlink. 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.