Tema Etfs LLC Invests $4.27 Million in ATI Inc. (NYSE:ATI)

Tema Etfs LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 77,616 shares of the basic materials company's stock, valued at approximately $4,272,000. ATI makes up 1.8% of Tema Etfs LLC's holdings, making the stock its 20th biggest position. Tema Etfs LLC owned approximately 0.05% of ATI as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ATI. Capital World Investors raised its stake in shares of ATI by 100.5% during the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after acquiring an additional 3,446,919 shares in 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 valued at $196,328,000 after acquiring an additional 3,058,628 shares in the last quarter. Vanguard Group Inc. raised its position in shares of ATI by 15.2% in the 4th 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 in the last quarter. Norges Bank bought a new position in shares of ATI during the 4th quarter worth approximately $85,047,000. Finally, Capital International Investors lifted its position in ATI by 5.4% during the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock valued at $875,190,000 after acquiring an additional 817,182 shares during the last quarter.

ATI Trading Up 0.7%

ATI traded up $0.54 during mid-day trading on Friday, hitting $75.69. 523,984 shares of the stock were exchanged, compared to its average volume of 1,743,556. The company has a market cap of $10.68 billion, a PE ratio of 29.62, a PEG ratio of 0.85 and a beta of 1.01. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The firm's fifty day moving average is $56.68 and its two-hundred day moving average is $57.20. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $76.74.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share 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 firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATI has been the subject of a number of recent analyst reports. Citigroup raised ATI to a "positive" rating in a research report on Tuesday. Wall Street Zen raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Susquehanna increased their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Barclays boosted 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. Finally, Benchmark reiterated a "buy" rating and set a $81.00 price target on shares of ATI in a research report on Monday, April 21st. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.14.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 directly owns 506,538 shares of the company's stock, valued at $34,535,760.84. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate 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.