ATI Inc. (NYSE:ATI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 24.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 265,585 shares of the basic materials company's stock after selling 83,711 shares during the period. First Trust Advisors LP owned approximately 0.19% of ATI worth $14,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of ATI during the fourth quarter worth $25,000. Mainstream Capital Management LLC acquired a new position in ATI in the 4th quarter worth $94,000. EverSource Wealth Advisors LLC boosted its position in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after buying an additional 288 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 1,690 shares in the last quarter. Finally, 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 acquiring an additional 1,516 shares in the last quarter.

ATI Stock Performance

Shares of NYSE:ATI traded up $3.75 during trading on Friday, hitting $65.99. 1,312,499 shares of the company traded hands, compared to its average volume of 1,698,016. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 0.85 and a beta of 0.80. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. 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 business's fifty day moving average is $51.25 and its 200-day moving average is $55.86.

ATI (NYSE:ATI - Get Free Report) last issued its 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. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. As a group, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $81.00 price target on shares of ATI in a report on Monday, April 21st. Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Susquehanna increased their price target on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Finally, KeyCorp upgraded ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.29.

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.