MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $52.58 Million Holdings in ATI Inc. (NYSE:ATI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ATI Inc. (NYSE:ATI - Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 955,270 shares of the basic materials company's stock after acquiring an additional 34,216 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.67% of ATI worth $52,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ATI. Capital World Investors raised its position in shares of ATI by 100.5% during the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after buying an additional 3,446,919 shares during the last quarter. Dendur Capital LP increased its holdings in shares of ATI by 601.7% during 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. Vanguard Group Inc. increased its holdings in shares of ATI by 15.2% during the fourth 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 in the last quarter. Norges Bank acquired a new stake in shares of ATI in the fourth quarter valued at approximately $85,047,000. Finally, Capital International Investors increased its holdings in shares of ATI by 5.4% in the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock valued at $875,190,000 after purchasing an additional 817,182 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATI. BTIG Research set a $90.00 price objective on shares of ATI and gave the company a "buy" rating in a research note on Monday, May 5th. Barclays boosted their price objective on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. KeyCorp raised shares of 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. Finally, Susquehanna boosted their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.14.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction that occurred on 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 directly owns 506,538 shares in the company, valued at $34,535,760.84. This represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

ATI Stock Performance

NYSE ATI traded up $1.25 during trading on Friday, reaching $76.27. The company's stock had a trading volume of 1,431,191 shares, compared to its average volume of 1,742,956. 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 firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $76.32. The firm has a 50 day moving average price of $54.70 and a 200 day moving average price of $56.58.

ATI (NYSE:ATI - Get Free Report) last posted 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 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 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. As a group, equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal 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.