ATI Inc. (NYSE:ATI) Stake Reduced by Hancock Whitney Corp

Hancock Whitney Corp decreased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,632 shares of the basic materials company's stock after selling 8,729 shares during the quarter. Hancock Whitney Corp's holdings in ATI were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of ATI in the fourth quarter valued at $25,000. Mainstream Capital Management LLC purchased a new stake in ATI in the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 288 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of ATI by 236.0% in the 4th 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 during the period. Finally, Blue Trust Inc. raised its holdings 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 valued at $144,000 after buying an additional 1,516 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the business'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 transaction of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

ATI Stock Performance

NYSE ATI traded up $4.47 during trading hours on Friday, reaching $66.71. The company's stock had a trading volume of 1,750,758 shares, compared to its average volume of 1,699,816. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $51.25 and a 200 day simple moving average of $55.86. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $68.92. The stock has a market cap of $9.41 billion, a PE ratio of 26.17, a PEG ratio of 0.85 and a beta of 0.80.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

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