Deutsche Bank AG Sells 92,631 Shares of ATI Inc. (NYSE:ATI)

Deutsche Bank AG reduced its stake in ATI Inc. (NYSE:ATI - Free Report) by 42.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 127,823 shares of the basic materials company's stock after selling 92,631 shares during the quarter. Deutsche Bank AG owned 0.09% of ATI worth $7,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc grew its stake in shares of ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares during the last quarter. Keystone Financial Group grew its stake in shares of ATI by 5.3% in the 4th quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 200 shares during the last quarter. Pier 88 Investment Partners LLC grew its stake in shares of ATI by 3.0% in the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock valued at $419,000 after purchasing an additional 220 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock valued at $643,000 after purchasing an additional 240 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 288 shares during the last quarter.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman now owns 506,538 shares of the company's stock, valued at approximately $34,535,760.84. This represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

ATI Stock Up 0.2%

NYSE ATI traded up $0.18 on Thursday, hitting $75.35. 855,460 shares of the stock traded hands, compared to its average volume of 1,742,991. The stock has a 50-day moving average of $56.20 and a 200 day moving average of $57.05. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $10.63 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $76.74.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday. Citigroup raised ATI to a "positive" rating in a report on Tuesday. Susquehanna raised 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. Barclays raised 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. Finally, Wall Street Zen raised ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.14.

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.