ATI Inc. (NYSE:ATI) Stock Holdings Decreased by Millennium Management LLC

Millennium Management LLC trimmed its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 93.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,937 shares of the basic materials company's stock after selling 1,495,079 shares during the quarter. Millennium Management LLC owned approximately 0.07% of ATI worth $5,501,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors grew its holdings 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 valued at $875,190,000 after buying an additional 817,182 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of ATI by 15.2% in 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 buying an additional 2,020,313 shares during the period. Capital World Investors grew its position in ATI by 100.5% in the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after acquiring an additional 3,446,919 shares during the period. Invesco Ltd. increased its stake in ATI by 4.5% during the fourth quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock worth $258,495,000 after acquiring an additional 203,742 shares during the last quarter. Finally, Dendur Capital LP lifted its stake in shares of ATI by 601.7% in 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 purchasing an additional 3,058,628 shares during the last quarter.

Wall Street Analyst Weigh In

ATI has been the subject of a number of research analyst reports. BTIG Research set a $105.00 target price on ATI and gave the company a "buy" rating in a report on Wednesday. Benchmark reaffirmed a "buy" rating and set a $81.00 price objective on shares of ATI in a research report on Monday, April 21st. Barclays upped their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, ATI presently has an average rating of "Moderate Buy" and an average price target of $78.29.

ATI Trading Down 0.1%

ATI traded down $0.08 on Friday, reaching $79.68. 1,668,101 shares of the company's stock were exchanged, compared to its average volume of 1,762,866. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $81.25. The company's 50 day moving average is $59.77 and its 200-day moving average is $58.05. 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 company has a market cap of $11.24 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 0.85 and a beta of 1.01.

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

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 45,359 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $75.31, for a total value of $3,415,986.29. Following the transaction, the chairman now owns 461,179 shares of the company's stock, valued at $34,731,390.49. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

ATI Company 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.