Natixis Advisors LLC Sells 13,229 Shares of ATI Inc. (NYSE:ATI)

Key Points

• Natixis Advisors LLC reduced its stake in ATI Inc. by 17.1%, owning 64,338 shares worth $3.35 million after selling 13,229 shares in the latest quarter.
• Other institutional investors like Capital World Investors and Dendur Capital LP significantly increased their stakes in ATI, with Capital World boosting its holdings by 100.5%.
• In its latest quarter, ATI reported earnings of $0.74 per share, surpassing analysts' expectations, while the revenue was slightly below consensus at $1.14 billion.

Natixis Advisors LLC trimmed its stake in ATI Inc. (NYSE:ATI - Free Report) by 17.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,338 shares of the basic materials company's stock after selling 13,229 shares during the quarter. Natixis Advisors LLC's holdings in ATI were worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Keystone Financial Group increased its holdings in ATI by 5.3% in the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock worth $217,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in ATI by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock worth $898,000 after buying an additional 265 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in ATI by 104.1% in the first 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 during the last quarter. Treasurer of the State of North Carolina increased its holdings in ATI by 0.6% in the fourth 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 during the last quarter. Finally, Bessemer Group Inc. increased its holdings in ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after buying an additional 386 shares during the last quarter.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of research reports. Susquehanna dropped their price objective on ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a report on Friday, August 1st. Benchmark reiterated a "buy" rating and set a $81.00 price target on shares of ATI in a report on Monday, April 21st. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, BTIG Research set a $120.00 price target on ATI and gave the company a "buy" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $93.29.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the completion of the transaction, the chairman directly owned 306,538 shares of the company's stock, valued at $22,886,127.08. This trade represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the transaction, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,259 shares of company stock worth $16,026,385. 1.10% of the stock is currently owned by corporate insiders.

ATI Stock Performance

Shares of ATI stock traded down $0.70 during midday trading on Friday, hitting $73.04. The company had a trading volume of 1,725,627 shares, compared to its average volume of 2,237,898. The business's 50 day simple moving average is $85.51 and its two-hundred day simple moving average is $67.97. The stock has a market cap of $10.07 billion, a PE ratio of 25.36, a P/E/G ratio of 1.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. ATI's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. As a group, equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

About ATI

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.