Tema Etfs LLC purchased a new position in ATI Inc. (NYSE:ATI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 77,616 shares of the basic materials company's stock, valued at approximately $4,272,000. ATI makes up approximately 1.8% of Tema Etfs LLC's portfolio, making the stock its 20th biggest position. Tema Etfs LLC owned 0.05% of ATI at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ATI. Oak Thistle LLC acquired a new stake in ATI in the 4th quarter worth approximately $279,000. Artemis Investment Management LLP purchased a new position in shares of ATI in the fourth quarter worth $8,103,000. SG Americas Securities LLC acquired a new stake in shares of ATI during the fourth quarter worth $249,000. Inspire Investing LLC grew its holdings in shares of ATI by 17.3% during the fourth quarter. Inspire Investing LLC now owns 7,265 shares of the basic materials company's stock valued at $400,000 after buying an additional 1,070 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after acquiring an additional 1,516 shares during the last quarter.
ATI Trading Down 1.2%
Shares of ATI stock traded down $0.93 on Wednesday, reaching $75.23. The company had a trading volume of 1,939,388 shares, compared to its average volume of 1,746,402. The firm's 50 day moving average price is $55.73 and its two-hundred day moving average price is $56.92. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $76.74. The firm has a market cap of $10.61 billion, a PE ratio of 29.50, a PEG ratio of 0.85 and a beta of 1.01.
ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $0.48 EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ATI shares. Benchmark reissued a "buy" rating and set a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Barclays raised their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. BTIG Research set a $90.00 target price on shares of ATI and gave the stock a "buy" rating in a research note on Monday, May 5th. Citigroup raised ATI to a "positive" rating in a research note on Tuesday. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, ATI presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.14.
View Our Latest Report on ATI
Insider Activity at ATI
In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 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 sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.
ATI 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.
Featured Stories
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
