Yousif Capital Management LLC Sells 5,166 Shares of ATI Inc. (NYSE:ATI)

Yousif Capital Management LLC lowered its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,814 shares of the basic materials company's stock after selling 5,166 shares during the quarter. Yousif Capital Management LLC's holdings in ATI were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Capital International Investors grew its position in shares of ATI by 5.4% in the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after buying an additional 817,182 shares during the period. Vanguard Group Inc. grew its stake 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 buying an additional 2,020,313 shares during the last quarter. Capital World Investors grew its stake in shares of ATI by 100.5% in the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after buying an additional 3,446,919 shares during the last quarter. Invesco Ltd. increased its position in ATI by 4.5% during the 4th quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock valued at $258,495,000 after buying an additional 203,742 shares in the last quarter. Finally, Dendur Capital LP lifted its stake 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 worth $196,328,000 after buying an additional 3,058,628 shares in the last quarter.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 45,359 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $34,731,390.49. This represents a 8.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 195,359 shares of company stock worth $15,103,486. Company insiders own 1.10% of the company's stock.

ATI Price Performance

ATI stock traded down $2.17 during mid-day trading on Wednesday, reaching $82.53. 1,330,621 shares of the company's stock traded hands, compared to its average volume of 1,771,699. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $86.40. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.19 and a beta of 1.14. The stock has a 50 day moving average of $68.16 and a two-hundred day moving average of $60.13. The company has a quick ratio of 1.30, a current ratio of 2.53 and a debt-to-equity ratio of 0.86.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. ATI had a return on equity of 21.37% and a net margin of 8.93%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. Equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ATI shares. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. BTIG Research set a $105.00 price objective on shares of ATI and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, Benchmark reaffirmed a "buy" rating and issued a $81.00 price objective on shares of ATI in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.29.

ATI 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.