Rhumbline Advisers increased its position in ATI Inc. (NYSE:ATI - Free Report) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 362,532 shares of the basic materials company's stock after purchasing an additional 58,241 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of ATI worth $18,862,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ATI. Mainstream Capital Management LLC bought a new position in shares of ATI during the fourth quarter worth approximately $94,000. EverSource Wealth Advisors LLC raised its position 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 valued at $95,000 after purchasing an additional 288 shares in the last quarter. Park Square Financial Group LLC bought a new stake in ATI during the fourth quarter worth $108,000. Smartleaf Asset Management LLC increased its stake in shares of ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 1,516 shares during the last quarter.
ATI Trading Down 2.3%
Shares of ATI stock traded down $1.93 during midday trading on Tuesday, reaching $82.65. The company had a trading volume of 3,096,688 shares, compared to its average volume of 1,788,128. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $85.67. The stock has a fifty day moving average price of $64.07 and a 200 day moving average price of $59.28. The firm has a market cap of $11.66 billion, a PE ratio of 32.41, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.
ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.48 EPS. ATI's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.
Insider Activity at ATI
In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman now owns 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 filing with the SEC, which is accessible through this hyperlink. Insiders sold 145,359 shares of company stock valued at $10,906,986 in the last three months. Corporate insiders own 1.10% of the company's stock.
Analyst Ratings Changes
ATI has been the topic of several research analyst reports. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. BTIG Research set a $105.00 price objective on shares of ATI and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Barclays raised their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Citigroup raised shares of ATI to a "positive" rating in a research note on Tuesday, May 20th. Finally, Benchmark reiterated a "buy" rating and issued a $81.00 price target on shares of ATI in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $78.29.
Check Out Our Latest Research Report on ATI
ATI Company Profile
(
Free Report)
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.
Further Reading
Before you consider ATI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.
While ATI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
