ATI Inc. (NYSE:ATI) Holdings Trimmed by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 97.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,454 shares of the basic materials company's stock after selling 575,994 shares during the period. Jane Street Group LLC's holdings in ATI were worth $961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATI. Capital World Investors grew its position in ATI by 100.5% during the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after purchasing an additional 3,446,919 shares in the last quarter. Dendur Capital LP grew its holdings in shares of ATI by 601.7% during the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after acquiring an additional 3,058,628 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ATI by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock valued at $844,061,000 after acquiring an additional 2,020,313 shares in the last quarter. Norges Bank acquired a new position in ATI in the 4th quarter worth about $85,047,000. Finally, Capital International Investors increased its position in ATI by 5.4% in the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after purchasing an additional 817,182 shares during the last quarter.

ATI Stock Down 0.1%

Shares of ATI stock opened at $75.12 on Friday. The stock's 50 day simple moving average is $56.68 and its 200 day simple moving average is $57.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $76.74. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 29.46, a PEG 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 for the quarter, beating 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned $0.48 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ATI shares. Barclays lifted their price target on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Susquehanna lifted their price target on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday. Wall Street Zen upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Benchmark reiterated a "buy" rating and set a $81.00 price target on shares of ATI in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, ATI presently has an average rating of "Moderate Buy" and an average price target of $76.14.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total value of $3,409,000.00. Following the transaction, the chairman now directly owns 506,538 shares of the company's stock, valued at $34,535,760.84. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

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.

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