ATI Inc. (NYSE:ATI) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in ATI Inc. (NYSE:ATI - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 96,931 shares of the basic materials company's stock after selling 42,493 shares during the quarter. Allianz Asset Management GmbH owned 0.07% of ATI worth $5,043,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 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 worth $217,000 after buying an additional 200 shares during the period. Pier 88 Investment Partners LLC increased its stake in ATI by 3.0% during the 4th 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 period. Nisa Investment Advisors LLC increased its stake in ATI by 1.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock worth $898,000 after buying an additional 265 shares during the period. Golden State Wealth Management LLC increased its stake in ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in ATI by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 54,250 shares of the basic materials company's stock worth $2,986,000 after buying an additional 340 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on ATI shares. Benchmark reissued a "buy" rating and issued a $81.00 price objective on shares of ATI in a research report on Monday, April 21st. BTIG Research set a $105.00 price objective on shares of ATI and gave the company a "buy" rating in a research report on Wednesday, May 28th. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the company a "hold" rating in a research report on Tuesday, July 8th. Finally, Citigroup raised shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, ATI currently has an average rating of "Moderate Buy" and an average price target of $86.57.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $83.93, for a total transaction of $4,196,500.00. Following the completion of the transaction, the chairman directly owned 356,538 shares in the company, valued at approximately $29,924,234.34. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 195,359 shares of company stock valued at $15,103,486 in the last ninety days. 1.10% of the stock is owned by company insiders.

ATI Price Performance

Shares of NYSE ATI traded down $0.73 during midday trading on Friday, hitting $76.21. The company had a trading volume of 1,324,662 shares, compared to its average volume of 2,060,958. The company has a quick ratio of 1.30, a current ratio of 2.53 and a debt-to-equity ratio of 0.86. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The business has a 50-day simple moving average of $85.95 and a two-hundred day simple moving average of $67.18. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. ATI had a net margin of 8.93% and a return on equity of 21.37%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

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.