Worldquant Millennium Advisors LLC Invests $252,000 in ATI Inc. (NYSE:ATI)

Worldquant Millennium Advisors LLC bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,579 shares of the basic materials company's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. CIBC Asset Management Inc lifted its position in shares of ATI by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after buying an additional 192 shares during the last quarter. Keystone Financial Group boosted its position in shares of ATI by 5.3% during the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock valued at $217,000 after buying an additional 200 shares during the last quarter. Pier 88 Investment Partners LLC boosted its position in shares of ATI by 3.0% during the fourth quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock valued at $419,000 after buying an additional 220 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in ATI by 2.1% during the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after acquiring an additional 240 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 worth $95,000 after acquiring an additional 288 shares during the period.

ATI Stock Performance

Shares of ATI traded up $0.28 during trading hours on Wednesday, reaching $79.75. 592,427 shares of the company traded hands, compared to its average volume of 1,749,650. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $81.49. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $11.25 billion, a P/E ratio of 31.28, a P/E/G ratio of 0.85 and a beta of 1.01. The business has a fifty day moving average price of $58.19 and a 200-day moving average price of $57.61.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, topping 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 in the prior year, the firm earned $0.48 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on ATI shares. Benchmark restated a "buy" rating and set a $81.00 target price on shares of ATI in a research report on Monday, April 21st. Susquehanna boosted their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Citigroup upgraded ATI to a "positive" rating in a research report on Tuesday, May 20th. KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, ATI currently has an average rating of "Moderate Buy" and an average target price of $76.14.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated 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 completion of the transaction, the chairman now owns 506,538 shares in the company, valued at approximately $34,535,760.84. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

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.