GAMMA Investing LLC lifted its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 7,141.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,960 shares of the basic materials company's stock after acquiring an additional 178,461 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of ATI worth $94,150,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ATI. Mainstream Capital Management LLC bought a new position in shares of ATI during the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC lifted its holdings in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after purchasing an additional 288 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in ATI during the 4th quarter worth approximately $108,000. Smartleaf Asset Management LLC lifted its holdings in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after purchasing an additional 1,516 shares during the last quarter.
Insider Buying and Selling
In other ATI news, Chairman Robert S. Wetherbee sold 45,359 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $75.31, for a total value of $3,415,986.29. Following the sale, the chairman now owns 461,179 shares in the company, valued at approximately $34,731,390.49. The trade was a 8.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 145,359 shares of company stock worth $10,906,986 in the last 90 days. Insiders own 1.10% of the company's stock.
ATI Price Performance
Shares of ATI stock traded down $0.23 during trading on Thursday, reaching $82.75. 1,710,044 shares of the company's stock were exchanged, compared to its average volume of 1,779,391. 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 1-year low of $39.23 and a 1-year high of $84.14. The company has a market cap of $11.67 billion, a P/E ratio of 32.45, a PEG ratio of 0.85 and a beta of 1.13. The firm's 50-day moving average price is $62.15 and its 200 day moving average price is $58.75.
ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. As a group, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ATI has been the subject of several research reports. BTIG Research set a $105.00 price target on ATI and gave the stock a "buy" rating in a report on Wednesday, May 28th. Susquehanna lifted their price objective on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Benchmark reaffirmed a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, Barclays lifted their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One equities 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.
Check Out Our Latest Stock Report on ATI
About ATI
(
Free Report)
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.
See Also
Before you consider ATI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.
While ATI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
