Mutual of America Capital Management LLC Has $5.18 Million Stock Position in ATI Inc. $ATI

Mutual of America Capital Management LLC cut its stake in shares of ATI Inc. (NYSE:ATI) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,655 shares of the basic materials company’s stock after selling 6,500 shares during the period. Mutual of America Capital Management LLC’s holdings in ATI were worth $5,178,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ATI. Signaturefd LLC raised its stake in shares of ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after buying an additional 402 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in ATI by 56.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after buying an additional 260 shares during the last quarter. MAI Capital Management raised its position in ATI by 38.6% during the second quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 242 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in ATI in the second quarter valued at $75,000.

ATI Trading Up 0.0%

Shares of NYSE:ATI opened at $121.78 on Friday. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $127.11. The business has a 50 day moving average of $113.19 and a 200-day moving average of $94.37. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The stock has a market cap of $16.54 billion, a PE ratio of 39.41, a P/E/G ratio of 1.17 and a beta of 1.02.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Alembic Global Advisors initiated coverage on ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. KeyCorp boosted their target price on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.75.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares in the company, valued at $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 158,630 shares of company stock valued at $16,144,855. 1.10% of the stock is currently owned by corporate insiders.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.