ATI Inc. (NYSE:ATI) Stock Holdings Lowered by Two Sigma Investments LP

Two Sigma Investments LP lessened its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 72.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 236,950 shares of the basic materials company's stock after selling 634,425 shares during the quarter. Two Sigma Investments LP owned approximately 0.17% of ATI worth $13,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of ATI in the fourth quarter worth about $249,000. Inspire Investing LLC lifted its stake in shares of ATI by 17.3% in the fourth quarter. Inspire Investing LLC now owns 7,265 shares of the basic materials company's stock worth $400,000 after buying an additional 1,070 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after buying an additional 1,516 shares in the last quarter. KBC Group NV lifted its stake in shares of ATI by 50.5% in the fourth quarter. KBC Group NV now owns 5,059 shares of the basic materials company's stock worth $278,000 after buying an additional 1,697 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after buying an additional 240 shares in the last quarter.

ATI Stock Performance

Shares of ATI stock traded down $0.45 during mid-day trading on Thursday, hitting $79.48. The stock had a trading volume of 460,721 shares, compared to its average volume of 1,751,036. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $80.68. The firm has a market cap of $11.21 billion, a PE ratio of 31.16, a PEG ratio of 0.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company's 50-day simple moving average is $58.75 and its 200-day simple moving average is $57.77.

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 period last year, the firm posted $0.48 EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATI shares. Wall Street Zen raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $81.00 target price on shares of ATI in a research note on Monday, April 21st. BTIG Research set a $105.00 target price on shares of ATI and gave the company a "buy" rating in a report on Wednesday. Susquehanna boosted their target price on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Finally, Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 45,359 shares of ATI stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $75.31, for a total transaction of $3,415,986.29. Following the transaction, the chairman now directly owns 461,179 shares of the company's stock, valued at $34,731,390.49. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

About ATI

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.