ATI Inc. (NYSE:ATI) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its stake in shares of ATI Inc. (NYSE:ATI) by 422.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,125 shares of the basic materials company’s stock after acquiring an additional 16,272 shares during the quarter. Ieq Capital LLC’s holdings in ATI were worth $1,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ATI. ORG Wealth Partners LLC acquired a new stake in shares of ATI in the fourth quarter valued at $25,000. Quarry LP boosted its position in shares of ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 412 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 1,516 shares during the last quarter. KBC Group NV raised its holdings in shares of ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 385 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in ATI during the third quarter valued at approximately $249,000.

ATI Trading Down 1.6 %

ATI stock opened at $57.08 on Tuesday. ATI Inc. has a 12 month low of $45.91 and a 12 month high of $68.92. 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 stock has a market cap of $8.14 billion, a P/E ratio of 22.39, a P/E/G ratio of 0.90 and a beta of 1.10. The company’s fifty day simple moving average is $57.91 and its 200-day simple moving average is $60.01.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 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 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

ATI has been the topic of several research reports. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Benchmark increased their price target on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Susquehanna raised their target price on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Insider Activity

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the transaction, the chairman now directly owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,498 shares of company stock valued at $2,288,141 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

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.