D. E. Shaw & Co. Inc. Purchases 181,272 Shares of ATI Inc. (NYSE:ATI)

D. E. Shaw & Co. Inc. increased its holdings in ATI Inc. (NYSE:ATI - Free Report) by 14.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,463,613 shares of the basic materials company's stock after acquiring an additional 181,272 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.03% of ATI worth $80,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Diameter Capital Partners LP purchased a new position in ATI in the 4th quarter valued at about $7,155,000. Crestline Management LP purchased a new stake in ATI during the 4th quarter worth $1,216,000. Brevan Howard Capital Management LP lifted its stake in shares of ATI by 26.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 57,226 shares of the basic materials company's stock worth $3,150,000 after acquiring an additional 11,907 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in ATI during the 4th quarter worth approximately $5,944,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in ATI during the 4th quarter valued at $2,312,000.

Analyst Ratings Changes

ATI has been the topic of several research reports. KeyCorp raised 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. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Susquehanna boosted their target price 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 report on Monday, April 21st. Finally, Barclays raised their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, ATI presently has an average rating of "Moderate Buy" and an average price target of $76.14.

ATI Price Performance

Shares of ATI stock traded up $0.95 on Wednesday, hitting $74.88. 931,481 shares of the company's stock were exchanged, compared to its average volume of 2,132,760. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $75.63. The company has a 50 day moving average of $53.35 and a 200 day moving average of $56.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The stock has a market cap of $10.56 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01.

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

Insider Activity

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's 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 completion of the sale, the chairman now owns 506,538 shares in the company, valued at approximately $34,535,760.84. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

ATI 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.