Gotham Asset Management LLC Acquires 65,279 Shares of ATI Inc. (NYSE:ATI)

Gotham Asset Management LLC grew its position in ATI Inc. (NYSE:ATI - Free Report) by 57.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,422 shares of the basic materials company's stock after acquiring an additional 65,279 shares during the period. Gotham Asset Management LLC owned 0.13% of ATI worth $9,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mainstream Capital Management LLC acquired a new stake in shares of ATI in the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC increased its position in ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after purchasing an additional 288 shares during the period. Smartleaf Asset Management LLC raised its holdings in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after purchasing an additional 1,690 shares during the last quarter. Blue Trust Inc. lifted its position in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 1,516 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares during the last quarter.

Insider Transactions at ATI

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 value of $3,409,000.00. Following the completion of the sale, the chairman now owns 506,538 shares in the company, valued at $34,535,760.84. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ATI has been the subject of a number of recent research reports. Barclays boosted their price target on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Benchmark reaffirmed a "buy" rating and issued a $81.00 target price on shares of ATI in a research note on Monday, April 21st. Susquehanna raised their price objective on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, KeyCorp raised ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.14.

ATI Stock Down 0.1%

NYSE:ATI traded down $0.09 during trading hours on Thursday, reaching $74.98. 1,509,032 shares of the stock were exchanged, compared to its average volume of 1,738,977. The firm has a 50 day moving average of $53.74 and a 200 day moving average of $56.37. 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 stock has a market cap of $10.58 billion, a PE ratio of 29.40, a PEG ratio of 0.85 and a beta of 1.01. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $76.30.

ATI (NYSE:ATI - Get Free Report) last posted 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. 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 business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, equities analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

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.