ATI Inc. (NYSE:ATI) Position Raised by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 777.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,600 shares of the basic materials company's stock after buying an additional 78,500 shares during the quarter. Jefferies Financial Group Inc. owned about 0.06% of ATI worth $4,877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATI. SG Americas Securities LLC purchased a new stake in ATI in the fourth quarter valued at $249,000. Inspire Investing LLC grew its stake in ATI by 17.3% during the 4th quarter. Inspire Investing LLC now owns 7,265 shares of the basic materials company's stock worth $400,000 after purchasing an additional 1,070 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 1,516 shares in the last quarter. KBC Group NV boosted its position in shares of ATI by 50.5% during the 4th quarter. KBC Group NV now owns 5,059 shares of the basic materials company's stock worth $278,000 after acquiring an additional 1,697 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of ATI by 2.1% during the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after acquiring an additional 240 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BTIG Research set a $105.00 target price on ATI and gave the company a "buy" rating in a report on Wednesday. Benchmark restated a "buy" rating and issued a $81.00 price target on shares of ATI in a report on Monday, April 21st. Susquehanna upped their price target on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Barclays increased their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.

ATI Stock Down 0.1%

NYSE:ATI traded down $0.08 during mid-day trading on Thursday, hitting $79.85. The company had a trading volume of 1,933,053 shares, compared to its average volume of 1,759,888. The business has a fifty day simple moving average of $58.75 and a 200-day simple moving average of $57.77. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $80.68. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. Equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total value of $3,409,000.00. Following the transaction, the chairman now owns 506,538 shares of the company's stock, valued at $34,535,760.84. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

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.