ATI Inc. (NYSE:ATI) Shares Purchased by Dendur Capital LP

Dendur Capital LP raised its position in ATI Inc. (NYSE:ATI - Free Report) by 601.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567,000 shares of the basic materials company's stock after acquiring an additional 3,058,628 shares during the quarter. ATI makes up approximately 20.3% of Dendur Capital LP's portfolio, making the stock its biggest position. Dendur Capital LP owned 2.50% of ATI worth $196,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATI. Charles Schwab Investment Management Inc. grew its position in shares of ATI by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock worth $86,031,000 after buying an additional 191,823 shares in the last quarter. Franklin Resources Inc. increased its position in shares of ATI by 16.2% in the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock valued at $27,993,000 after purchasing an additional 61,999 shares during the last quarter. Covea Finance lifted its position in shares of ATI by 32.7% during the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock worth $3,578,000 after purchasing an additional 16,000 shares during the last quarter. Blue Trust Inc. grew its stake 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 worth $144,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in ATI in the fourth quarter valued at $618,000.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

ATI Price Performance

NYSE:ATI traded up $0.42 during trading hours on Monday, reaching $53.51. 728,985 shares of the company traded hands, compared to its average volume of 1,692,318. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $68.92. The stock has a market cap of $7.55 billion, a P/E ratio of 20.99, a P/E/G ratio of 0.85 and a beta of 0.80. The firm's 50-day moving average is $51.52 and its 200-day moving average is $55.96. 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 (NYSE:ATI - Get Free Report) last announced 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 firm had revenue of $1.17 billion during 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 firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS. Equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About ATI

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.