Voya Investment Management LLC Acquires 10,735 Shares of ATI Inc. (NYSE:ATI)

Voya Investment Management LLC increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,191 shares of the basic materials company's stock after buying an additional 10,735 shares during the period. Voya Investment Management LLC's holdings in ATI were worth $3,203,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ATI. ORG Wealth Partners LLC purchased a new stake in shares of ATI during the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new stake in shares of ATI in the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $95,000 after buying an additional 288 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 during the period. Finally, Blue Trust Inc. increased 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 worth $144,000 after acquiring an additional 1,516 shares during the last quarter.

Analysts Set New Price Targets

ATI has been the subject of several recent research reports. Benchmark reissued a "buy" rating and issued a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. KeyCorp raised 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. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Susquehanna raised their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. One investment 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $73.29.

ATI Price Performance

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

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

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the 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 transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.

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