Graphene Investments SAS Increases Stake in ATI Inc. (NYSE:ATI)

Graphene Investments SAS increased its stake in ATI Inc. (NYSE:ATI - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,400 shares of the basic materials company's stock after acquiring an additional 6,300 shares during the period. ATI makes up 2.0% of Graphene Investments SAS's investment portfolio, making the stock its 26th largest position. Graphene Investments SAS's holdings in ATI were worth $2,778,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC increased its stake in ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after acquiring an additional 304 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of ATI by 139.9% in the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of ATI by 115.7% during the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock worth $58,000 after purchasing an additional 603 shares during the period. Farther Finance Advisors LLC increased its position in ATI by 418.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock worth $69,000 after purchasing an additional 1,062 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in ATI by 86.2% in the first quarter. UMB Bank n.a. now owns 1,579 shares of the basic materials company's stock valued at $82,000 after buying an additional 731 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ATI shares. BTIG Research set a $105.00 price objective on shares of ATI and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Benchmark restated a "buy" rating and set a $81.00 target price on shares of ATI in a report on Monday, April 21st. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Finally, Citigroup raised ATI to a "positive" rating in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and an average price target of $78.29.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 45,359 shares of ATI stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 195,359 shares of company stock worth $15,103,486 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

ATI Price Performance

ATI opened at $85.77 on Friday. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $86.40. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.16 and a beta of 1.14. The company has a current ratio of 2.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $73.26 and a 200 day simple moving average of $61.30.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.48 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

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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