ATI Inc. (NYSE:ATI) Shares Purchased by Senator Investment Group LP

Senator Investment Group LP increased its position in ATI Inc. (NYSE:ATI - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718,556 shares of the basic materials company's stock after buying an additional 28,556 shares during the quarter. Senator Investment Group LP owned 0.50% of ATI worth $39,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after acquiring an additional 192 shares in the last quarter. Keystone Financial Group lifted its holdings in ATI by 5.3% in the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock worth $217,000 after buying an additional 200 shares during the period. Pier 88 Investment Partners LLC boosted its position in ATI by 3.0% during the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock valued at $419,000 after acquiring an additional 220 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of ATI by 2.1% during the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after acquiring an additional 240 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after acquiring an additional 288 shares in the last quarter.

ATI Price Performance

Shares of ATI traded up $0.60 during mid-day trading on Friday, hitting $53.05. 1,178,074 shares of the stock were exchanged, compared to its average volume of 1,694,023. The company has a market cap of $7.48 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The firm has a 50-day moving average of $51.52 and a two-hundred day moving average of $56.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $68.92.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of recent research reports. Susquehanna upped their target price on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays lifted their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Benchmark reissued a "buy" rating and issued a $81.00 target price on shares of ATI in a research note on Monday, April 21st. Finally, KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $73.29.

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.