1492 Capital Management LLC Has $1.37 Million Stock Holdings in ATI Inc. (NYSE:ATI)

1492 Capital Management LLC boosted its holdings in shares of ATI Inc. (NYSE:ATI) by 47.0% in the 4th quarter, Holdings Channel reports. The firm owned 24,967 shares of the basic materials company’s stock after buying an additional 7,979 shares during the period. 1492 Capital Management LLC’s holdings in ATI were worth $1,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in ATI in the fourth quarter valued at about $25,000. Mainstream Capital Management LLC acquired a new stake in shares of ATI in the 4th quarter valued at approximately $94,000. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 288 shares during the last quarter. Smartleaf Asset Management LLC grew 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 valued at $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. increased its position in ATI by 137.7% during 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 in the last quarter.

ATI Stock Performance

Shares of ATI stock opened at $45.51 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. The business’s 50 day simple moving average is $53.04 and its 200 day simple moving average is $56.73. The stock has a market capitalization of $6.42 billion, a PE ratio of 17.85, a PEG ratio of 0.85 and a beta of 0.80.

ATI (NYSE:ATI) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATI. Benchmark boosted their target price on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Susquehanna increased their target price on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Finally, Barclays boosted their price target on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Activity

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction on Thursday, February 6th. The shares were 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 of the company’s stock, valued at $1,726,261.54. This 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. 0.71% of the stock is owned by company insiders.

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.