ATI Inc. (NYSE:ATI) Shares Acquired by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. raised its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 303,187 shares of the basic materials company's stock after purchasing an additional 52,847 shares during the quarter. ATI accounts for about 1.3% of Mesirow Institutional Investment Management Inc.'s holdings, making the stock its 27th biggest holding. Mesirow Institutional Investment Management Inc. owned approximately 0.24% of ATI worth $13,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Evergreen Capital Management LLC lifted its holdings in shares of ATI by 4.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 6,582 shares of the basic materials company's stock worth $271,000 after acquiring an additional 258 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of ATI by 4.1% during the 3rd quarter. Inspire Investing LLC now owns 7,409 shares of the basic materials company's stock valued at $305,000 after buying an additional 291 shares in the last quarter. Covestor Ltd grew its position in ATI by 73.1% during the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 441 shares during the last quarter. Advisor Partners II LLC raised its stake in shares of ATI by 2.4% during the third quarter. Advisor Partners II LLC now owns 20,762 shares of the basic materials company's stock worth $854,000 after acquiring an additional 490 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of ATI by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 36,601 shares of the basic materials company's stock worth $1,506,000 after acquiring an additional 496 shares during the last quarter.

Insider Buying and Selling

In related news, VP Timothy J. Harris sold 6,325 shares of ATI stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.44, for a total transaction of $268,433.00. Following the sale, the vice president now directly owns 109,331 shares in the company, valued at $4,640,007.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by insiders.

ATI Trading Down 0.7 %

NYSE:ATI traded down $0.45 during mid-day trading on Friday, reaching $60.73. 950,266 shares of the company's stock traded hands, compared to its average volume of 1,484,045. The company has a 50 day moving average price of $51.91 and a 200-day moving average price of $46.11. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37. ATI Inc. has a 12-month low of $34.10 and a 12-month high of $61.97.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.07. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, sell-side analysts predict that ATI Inc. will post 2.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ATI. TheStreet upgraded shares of ATI from a "c+" rating to a "b-" rating in a research report on Friday, January 26th. Barclays lifted their price objective on ATI from $55.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday, May 6th. KeyCorp increased their target price on ATI from $56.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on ATI in a research note on Thursday, April 11th. They issued a "buy" rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.00.

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.