New York State Teachers Retirement System Reduces Holdings in ATI Inc. (NYSE:ATI)

New York State Teachers Retirement System reduced its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,155 shares of the basic materials company's stock after selling 13,673 shares during the period. New York State Teachers Retirement System owned about 0.10% of ATI worth $7,500,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Keystone Financial Group increased its stake in ATI by 5.3% during the 4th 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 period. Pier 88 Investment Partners LLC increased its stake in ATI by 3.0% during the 4th 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 period. EverSource Wealth Advisors LLC increased its stake in ATI by 20.0% during the 4th 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 period. Arizona State Retirement System increased its stake in ATI by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company's stock worth $1,988,000 after buying an additional 289 shares during the period. Finally, Golden State Wealth Management LLC increased its position in shares of ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares during the last quarter.

ATI Stock Up 0.3%

Shares of NYSE ATI traded up $0.24 during mid-day trading on Tuesday, reaching $87.81. The company had a trading volume of 1,373,640 shares, compared to its average volume of 1,731,040. The company has a current ratio of 2.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $79.11 and a two-hundred day simple moving average of $63.05. The stock has a market cap of $12.39 billion, a P/E ratio of 31.82, a PEG ratio of 1.23 and a beta of 1.13. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $88.47.

ATI (NYSE:ATI - Get Free Report) last posted 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 firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.93% and a return on equity of 21.37%. The company's revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction on 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 of the company's stock, valued at $34,535,760.84. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 195,359 shares of company stock valued at $15,103,486. Company 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.