ATI Inc. (NYSE:ATI) Stock Holdings Cut by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 8.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,155 shares of the basic materials company's stock after selling 13,673 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of ATI worth $7,500,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ATI. Capital World Investors raised its holdings in shares of ATI by 100.5% in the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after acquiring an additional 3,446,919 shares during the last quarter. Dendur Capital LP raised its holdings in shares of ATI by 601.7% in the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after acquiring an additional 3,058,628 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after acquiring an additional 2,020,313 shares during the last quarter. Norges Bank acquired a new position in shares of ATI in the fourth quarter worth $85,047,000. Finally, Capital International Investors raised its holdings in shares of ATI by 5.4% in the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after acquiring an additional 817,182 shares during the last quarter.

ATI Stock Up 0.4%

NYSE ATI traded up $0.31 on Monday, hitting $87.16. 558,067 shares of the stock traded hands, compared to its average volume of 2,078,052. The stock has a 50-day moving average of $77.76 and a 200 day moving average of $62.65. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $88.43. The company has a market capitalization of $12.30 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13. The company has a current ratio of 2.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86.

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

Analyst Upgrades and Downgrades

ATI has been the subject of a number of analyst reports. BTIG Research set a $105.00 price target on ATI and gave the stock a "buy" rating in a report on Wednesday, May 28th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. Finally, Benchmark reiterated a "buy" rating and issued a $81.00 target price on shares of ATI in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.29.

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $83.93, for a total value of $4,196,500.00. Following the sale, the chairman directly owned 356,538 shares in the company, valued at $29,924,234.34. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 195,359 shares of company stock valued at $15,103,486. 1.10% of the stock is owned by company insiders.

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.