Jackson Creek Investment Advisors LLC Invests $1.34 Million in ATI Inc. (NYSE:ATI)

Jackson Creek Investment Advisors LLC bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,690 shares of the basic materials company's stock, valued at approximately $1,337,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Financial Group boosted its stake in 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 period. Pier 88 Investment Partners LLC raised its holdings in 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 acquiring an additional 220 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in ATI by 1.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock valued at $898,000 after acquiring an additional 265 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of ATI by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 54,250 shares of the basic materials company's stock worth $2,986,000 after buying an additional 340 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on ATI. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. BTIG Research set a $105.00 target price on ATI and gave the stock a "buy" rating in a report on Wednesday, May 28th. Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th. Susquehanna upped their target price on ATI from $73.00 to $105.00 and gave the stock a "positive" rating in a report on Monday. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.29.

ATI Stock Up 0.5%

ATI stock traded up $0.50 during mid-day trading on Friday, reaching $93.07. The stock had a trading volume of 75,683 shares, compared to its average volume of 2,034,539. 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 Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $93.75. The stock's 50-day simple moving average is $82.47 and its 200-day simple moving average is $64.65. The firm has a market capitalization of $13.13 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. ATI had a return on equity of 21.37% and a net margin of 8.93%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred 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 owned 506,538 shares of the company's stock, valued at $34,535,760.84. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 195,359 shares of company stock worth $15,103,486 over the last 90 days. 1.10% of the stock is owned by insiders.

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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