ATI Inc. (NYSE:ATI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 34.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,307 shares of the basic materials company's stock after selling 27,385 shares during the period. Edgestream Partners L.P.'s holdings in ATI were worth $2,670,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Keystone Financial Group grew its position in shares of ATI by 5.3% in the fourth 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 in the last quarter. Pier 88 Investment Partners LLC grew its position in shares of ATI by 3.0% in the fourth 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 in the last quarter. Nisa Investment Advisors LLC grew its position in shares of ATI by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock valued at $898,000 after purchasing an additional 265 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of ATI by 20.0% in the fourth 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 in the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the company a "hold" rating in a research report on Tuesday, July 8th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. BTIG Research set a $105.00 price objective on ATI and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Susquehanna increased their price objective on ATI from $73.00 to $105.00 and gave the stock a "positive" rating in a research report on Monday. Finally, Citigroup upgraded ATI to a "positive" rating in a research report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.29.

ATI Trading Up 3.1%

Shares of ATI traded up $2.74 during midday trading on Thursday, hitting $92.52. 1,511,841 shares of the stock were exchanged, compared to its average volume of 1,746,205. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $95.55. The stock has a fifty day simple moving average of $82.47 and a 200 day simple moving average of $64.65. The firm has a market cap of $13.05 billion, a P/E ratio of 33.52, a P/E/G ratio of 1.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.30 and a current ratio of 2.53.

ATI (NYSE:ATI - Get Free Report) last released its quarterly 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. ATI had a return on equity of 21.37% and a net margin of 8.93%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $0.48 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm'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 completion of the transaction, the chairman directly owned 506,538 shares in the company, valued at $34,535,760.84. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 195,359 shares of company stock worth $15,103,486 in the last ninety days. Company 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.