New York State Common Retirement Fund Sells 19,597 Shares of ATI Inc. (NYSE:ATI)

New York State Common Retirement Fund lessened its holdings in ATI Inc. (NYSE:ATI - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,892 shares of the basic materials company's stock after selling 19,597 shares during the quarter. New York State Common Retirement Fund owned 0.26% of ATI worth $18,881,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Keystone Financial Group increased its holdings in ATI by 5.3% during 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. Pier 88 Investment Partners LLC increased its holdings in ATI by 3.0% during the fourth quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock worth $419,000 after buying an additional 220 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in ATI by 1.6% during 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. EverSource Wealth Advisors LLC increased its holdings in ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after buying an additional 288 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings 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 buying an additional 304 shares during the last quarter.

ATI Stock Performance

Shares of ATI stock traded up $0.82 on Friday, hitting $93.39. The company's stock had a trading volume of 1,229,930 shares, compared to its average volume of 1,744,148. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.30 and a current ratio of 2.53. The stock's 50 day moving average is $82.47 and its 200-day moving average is $64.65. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $95.03. The company has a market capitalization of $13.17 billion, a PE ratio of 33.84, a PEG ratio of 1.20 and a beta of 1.13.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results 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. ATI had a net margin of 8.93% and a return on equity of 21.37%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $0.48 earnings per share. ATI's revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the company'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 directly owned 506,538 shares in the company, valued at approximately $34,535,760.84. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 195,359 shares of company stock valued at $15,103,486 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ATI shares. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Susquehanna boosted their target price on shares of ATI from $73.00 to $105.00 and gave the stock a "positive" rating in a report on Monday. Citigroup upgraded shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. Finally, KeyCorp downgraded shares of 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.29.

ATI Company 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.