Kennedy Capital Management LLC Has $7.88 Million Position in ATI Inc. (NYSE:ATI)

Kennedy Capital Management LLC cut its position in shares of ATI Inc. (NYSE:ATI) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,176 shares of the basic materials company’s stock after selling 4,188 shares during the quarter. Kennedy Capital Management LLC’s holdings in ATI were worth $7,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATI. CIBC Asset Management Inc increased its position in shares of ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 192 shares during the period. Pier 88 Investment Partners LLC increased its holdings in ATI by 3.0% in the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company’s stock valued at $419,000 after buying an additional 220 shares during the period. Hantz Financial Services Inc. raised its stake in shares of ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock valued at $643,000 after buying an additional 240 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 288 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in ATI by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company’s stock valued at $1,988,000 after acquiring an additional 289 shares during the period.

ATI Price Performance

Shares of ATI stock opened at $46.32 on Friday. 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 capitalization of $6.53 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 0.85 and a beta of 0.80. The firm’s 50 day moving average is $54.76 and its 200-day moving average is $57.34. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $68.92.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The firm 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 quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. Sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % 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 the SEC website. Corporate insiders own 1.05% of the company’s stock.

Analyst Ratings Changes

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

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.