Crestline Management LP purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 22,100 shares of the basic materials company's stock, valued at approximately $1,216,000.
A number of other institutional investors have also recently added to or reduced their stakes in ATI. ORG Wealth Partners LLC acquired a new stake in ATI in the 4th quarter valued at $25,000. Mainstream Capital Management LLC acquired a new position in shares of ATI during the fourth quarter valued at 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of ATI by 137.7% during 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 during the last quarter.
Insiders Place Their Bets
In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction 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 completion of the sale, the chairman now owns 506,538 shares of the company's stock, valued at $34,535,760.84. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have commented on ATI shares. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Benchmark reissued a "buy" rating and set a $81.00 target price on shares of ATI in a report on Monday, April 21st. KeyCorp raised ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 target price for the company in a report on Wednesday, April 23rd. BTIG Research set a $90.00 target price on ATI and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Barclays increased their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $76.14.
Get Our Latest Report on ATI
ATI Trading Up 0.6%
Shares of ATI stock traded up $0.40 on Friday, hitting $71.46. 1,920,363 shares of the stock traded hands, compared to its average volume of 1,730,616. The firm's 50-day moving average price is $52.71 and its two-hundred day moving average price is $56.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The stock has a market capitalization of $10.08 billion, a PE ratio of 28.02, a PEG ratio of 0.85 and a beta of 1.01. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $72.33.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.
About ATI
(
Free Report)
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.
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