ATI (NYSE:ATI) Hits New 52-Week High at $52.00

ATI Inc. (NYSE:ATI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $52.00 and last traded at $52.00, with a volume of 1406 shares changing hands. The stock had previously closed at $51.73.

Analysts Set New Price Targets

Several research firms have commented on ATI. TheStreet raised ATI from a "c+" rating to a "b-" rating in a research report on Friday, January 26th. KeyCorp boosted their price target on ATI from $49.00 to $56.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $52.80.

ATI Stock Up 0.1 %

The company has a quick ratio of 1.53, a current ratio of 2.80 and a debt-to-equity ratio of 1.45. The firm has a 50 day moving average price of $46.85 and a two-hundred day moving average price of $43.63. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 20.61 and a beta of 1.22.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. ATI had a return on equity of 24.64% and a net margin of 8.81%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.53 EPS. ATI's quarterly revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that ATI Inc. will post 2.35 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the transaction, the vice president now directly owns 109,331 shares of the company's stock, valued at approximately $4,640,007.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds have recently bought and sold shares of ATI. HighTower Advisors LLC bought a new position in ATI during the first quarter worth $263,000. Natixis Advisors L.P. acquired a new stake in shares of ATI during the first quarter worth $570,000. MetLife Investment Management LLC lifted its position in shares of ATI by 70.4% in the 1st quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company's stock worth $1,844,000 after buying an additional 28,376 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of ATI by 4.4% in the 1st quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company's stock valued at $9,340,000 after buying an additional 14,825 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of ATI by 1.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company's stock valued at $3,056,000 after buying an additional 1,480 shares during the last quarter.

ATI Company 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.