Allspring Global Investments Holdings LLC Has $69.81 Million Stock Holdings in ATI Inc. (NYSE:ATI)

Allspring Global Investments Holdings LLC decreased its position in ATI Inc. (NYSE:ATI - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,535,359 shares of the basic materials company's stock after selling 125,516 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.20% of ATI worth $69,813,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ATI. Ballentine Partners LLC bought a new stake in ATI during the 4th quarter valued at $1,100,000. Victory Capital Management Inc. raised its stake in shares of ATI by 67.3% during the third quarter. Victory Capital Management Inc. now owns 973,372 shares of the basic materials company's stock valued at $40,054,000 after purchasing an additional 391,554 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in ATI by 34.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,581,625 shares of the basic materials company's stock worth $65,084,000 after purchasing an additional 404,797 shares during the period. Assenagon Asset Management S.A. grew its position in ATI by 735.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 355,202 shares of the basic materials company's stock valued at $16,151,000 after buying an additional 312,699 shares in the last quarter. Finally, Sei Investments Co. increased its stake in ATI by 47.4% during the 3rd quarter. Sei Investments Co. now owns 394,049 shares of the basic materials company's stock valued at $16,215,000 after buying an additional 126,626 shares during the period.

ATI Price Performance

Shares of NYSE ATI traded down $1.67 during midday trading on Wednesday, reaching $50.07. The company's stock had a trading volume of 989,248 shares, compared to its average volume of 1,332,115. ATI Inc. has a one year low of $34.10 and a one year high of $52.48. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 19.95 and a beta of 1.22. The company has a 50 day moving average price of $47.45 and a 200 day moving average price of $43.81. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45.

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

Insider Activity

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 109,331 shares of the company's stock, valued at $4,640,007.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ATI. TheStreet upgraded shares of ATI from a "c+" rating to a "b-" rating in a report on Friday, January 26th. KeyCorp lifted their price target on ATI from $49.00 to $56.00 and gave the company an "overweight" rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ATI currently has a consensus rating of "Moderate Buy" and an average target price of $52.80.

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.