Schonfeld Strategic Advisors LLC Sells 52,501 Shares of ATI Inc. (NYSE:ATI)

Schonfeld Strategic Advisors LLC reduced its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 41.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,368 shares of the basic materials company's stock after selling 52,501 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.05% of ATI worth $4,148,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATI. ORG Wealth Partners LLC bought a new position in ATI during the fourth quarter worth $25,000. Mainstream Capital Management LLC acquired a new stake in shares of ATI during the 4th quarter worth about $94,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after buying an additional 288 shares during the period. Smartleaf Asset Management LLC grew its stake in ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after buying an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 1,516 shares during the period.

ATI Trading Up 7.1 %

Shares of ATI stock opened at $66.69 on Friday. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $68.92. The firm's 50-day moving average price is $51.46 and its two-hundred day moving average price is $55.89. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 0.85 and a beta of 0.80.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. On average, analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATI shares. KeyCorp upgraded ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price objective for the company in a report on Wednesday, April 23rd. Benchmark reaffirmed a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Barclays upped their price target on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Susquehanna boosted their price objective on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report 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 stock. According to data from MarketBeat.com, ATI currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.29.

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.

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