Soros Fund Management LLC Has $21.55 Million Stake in ATI Inc. (NYSE:ATI)

Soros Fund Management LLC raised its holdings in ATI Inc. (NYSE:ATI - Free Report) by 98.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 391,501 shares of the basic materials company's stock after purchasing an additional 194,045 shares during the quarter. Soros Fund Management LLC owned approximately 0.27% of ATI worth $21,548,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Capital World Investors boosted its position in ATI by 100.5% during the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after acquiring an additional 3,446,919 shares during the last quarter. Dendur Capital LP grew its stake in ATI by 601.7% during the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after buying an additional 3,058,628 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ATI by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock valued at $844,061,000 after purchasing an additional 2,020,313 shares during the last quarter. Norges Bank bought a new position in ATI in the 4th quarter valued at approximately $85,047,000. Finally, Capital International Investors grew its holdings in shares of ATI by 5.4% during the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after purchasing an additional 817,182 shares during the last quarter.

ATI Stock Performance

ATI traded up $4.45 on Friday, hitting $66.69. 4,011,909 shares of the company traded hands, compared to its average volume of 1,706,632. 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 50 day moving average of $51.25 and a 200-day moving average of $55.86. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $68.92. The stock has a market capitalization of $9.41 billion, a PE ratio of 26.15, a PEG ratio of 0.85 and a beta of 0.80.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.48 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays increased their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp upgraded 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, April 23rd. Benchmark reiterated a "buy" rating and set a $81.00 target price on shares of ATI in a research note on Monday, April 21st. Finally, Susquehanna increased their price target on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $73.29.

Insider Buying and Selling

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

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.