Numerai GP LLC Has $378,000 Holdings in ATI Inc. (NYSE:ATI)

Numerai GP LLC trimmed its holdings in ATI Inc. (NYSE:ATI - Free Report) by 65.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,870 shares of the basic materials company's stock after selling 12,974 shares during the quarter. Numerai GP LLC's holdings in ATI were worth $378,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its stake in shares of ATI by 33.7% in the 4th quarter. Wedmont Private Capital now owns 4,838 shares of the basic materials company's stock worth $267,000 after buying an additional 1,220 shares in the last quarter. Oak Thistle LLC bought a new position in shares of ATI during the 4th quarter valued at about $279,000. Artemis Investment Management LLP bought a new position in shares of ATI during the 4th quarter valued at about $8,103,000. SG Americas Securities LLC acquired a new position in shares of ATI in the 4th quarter worth approximately $249,000. Finally, Inspire Investing LLC raised its holdings in shares of ATI by 17.3% in the 4th quarter. Inspire Investing LLC now owns 7,265 shares of the basic materials company's stock worth $400,000 after purchasing an additional 1,070 shares in the last quarter.

Insider Buying and Selling

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total value of $3,409,000.00. Following the sale, the chairman now directly owns 506,538 shares of the company's stock, valued at approximately $34,535,760.84. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ATI. BTIG Research set a $90.00 price target on shares of ATI and gave the stock a "buy" rating in a research report on Monday, May 5th. Citigroup raised ATI to a "positive" rating in a research report on Tuesday. Benchmark reiterated a "buy" rating and issued a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, ATI currently has a consensus rating of "Moderate Buy" and an average price target of $76.14.

ATI Stock Up 0.1%

ATI stock traded up $0.06 during mid-day trading on Wednesday, hitting $76.22. 400,404 shares of the company's stock were exchanged, compared to its average volume of 1,739,081. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $76.74. The stock has a 50 day moving average of $55.73 and a two-hundred day moving average of $56.92. 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 stock has a market cap of $10.75 billion, a P/E ratio of 29.89, a P/E/G ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned $0.48 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, 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.