SG Capital Management LLC Invests $18.44 Million in ATI Inc. (NYSE:ATI)

SG Capital Management LLC purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 335,080 shares of the basic materials company's stock, valued at approximately $18,443,000. ATI comprises 1.8% of SG Capital Management LLC's holdings, making the stock its 18th largest position. SG Capital Management LLC owned approximately 0.23% of ATI as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of ATI by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock worth $86,031,000 after purchasing an additional 191,823 shares in the last quarter. Blue Trust Inc. grew its position in shares of ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after purchasing an additional 1,516 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of ATI during the 4th quarter worth approximately $618,000. Bleakley Financial Group LLC grew its position in shares of ATI by 33.6% during the 4th quarter. Bleakley Financial Group LLC now owns 4,780 shares of the basic materials company's stock worth $263,000 after purchasing an additional 1,203 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of ATI by 5.7% during the 4th quarter. D.A. Davidson & CO. now owns 9,767 shares of the basic materials company's stock worth $538,000 after purchasing an additional 530 shares in the last quarter.

ATI Price Performance

NYSE:ATI traded up $0.26 on Monday, hitting $76.54. The company had a trading volume of 1,263,080 shares, compared to its average volume of 1,741,300. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 0.85 and a beta of 1.01. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $55.22 and a two-hundred day moving average of $56.79. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $76.75.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $1.14 billion during 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 firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total value of $3,409,000.00. Following the completion of the transaction, the chairman now directly owns 506,538 shares in the company, valued at approximately $34,535,760.84. This represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATI. KeyCorp raised shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target for the company in a report on Wednesday, April 23rd. Barclays upped their price target on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $81.00 price target on shares of ATI in a report on Monday, April 21st. Finally, BTIG Research set a $90.00 price target on shares of ATI and gave the stock a "buy" rating in a report on Monday, May 5th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.14.

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.