Susquehanna Fundamental Investments LLC Makes New $8.43 Million Investment in ATI Inc. (NYSE:ATI)

Susquehanna Fundamental Investments LLC bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 153,078 shares of the basic materials company's stock, valued at approximately $8,425,000. Susquehanna Fundamental Investments LLC owned approximately 0.11% of ATI at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATI. ORG Wealth Partners LLC purchased a new position in shares of ATI during the fourth quarter valued at about $25,000. Mainstream Capital Management LLC bought a new stake in ATI in the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC increased its stake in 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. boosted 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 valued at $144,000 after acquiring an additional 1,516 shares during the last quarter.

ATI Trading Up 7.1 %

Shares of NYSE ATI traded up $4.45 during midday trading on Friday, hitting $66.69. The company's stock had a trading volume of 4,011,909 shares, compared to its average volume of 1,706,131. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $68.92. 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 market cap of $9.41 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The business's 50 day moving average is $51.46 and its two-hundred day moving average is $55.84.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates 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%. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, equities research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the 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 of the company's stock, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Susquehanna boosted their price target 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 shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays lifted their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Benchmark restated a "buy" rating and set a $81.00 price objective on shares of ATI in a research report on Monday, April 21st. Finally, KeyCorp upgraded ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 target price for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, ATI currently has an average rating of "Moderate Buy" and a consensus 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.