635,876 Shares in ATI Inc. (NYSE:ATI) Bought by Anomaly Capital Management LP

Anomaly Capital Management LP acquired a new stake in ATI Inc. (NYSE:ATI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 635,876 shares of the basic materials company’s stock, valued at approximately $34,999,000. ATI comprises approximately 1.0% of Anomaly Capital Management LP’s holdings, making the stock its 26th largest position. Anomaly Capital Management LP owned approximately 0.45% of ATI at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of ATI by 5.2% in the 4th 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 in the last quarter. Keystone Financial Group raised its position in shares of ATI by 5.3% during the 4th quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 200 shares during the period. Pier 88 Investment Partners LLC lifted its holdings in shares of 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 worth $419,000 after purchasing an additional 220 shares during the last quarter. Hantz Financial Services Inc. boosted its position in ATI by 2.1% during the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock valued at $643,000 after purchasing an additional 240 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after buying an additional 288 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on ATI shares. Barclays upped their price target 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. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Susquehanna lifted their target price on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Finally, Benchmark reissued a “buy” rating and issued a $81.00 price target on shares of ATI in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

ATI Stock Down 2.5 %

NYSE ATI opened at $44.36 on Tuesday. The company has a market capitalization of $6.26 billion, a P/E ratio of 17.40, a PEG ratio of 0.85 and a beta of 0.80. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company’s 50 day simple moving average is $52.39 and its 200 day simple moving average is $56.33.

ATI (NYSE:ATI) last released 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. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.64 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.