ATI Inc. (NYSE:ATI) Shares Sold by NBW Capital LLC

NBW Capital LLC decreased its stake in shares of ATI Inc. (NYSE:ATI) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,514 shares of the basic materials company’s stock after selling 3,265 shares during the period. NBW Capital LLC owned approximately 0.07% of ATI worth $5,257,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ATI. Mountaineer Partners Management LLC boosted its position in shares of ATI by 4,401.2% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after purchasing an additional 9,201,818 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in shares of ATI during the 3rd quarter valued at about $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of ATI by 177.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock valued at $30,242,000 after purchasing an additional 289,229 shares in the last quarter. Holocene Advisors LP bought a new position in shares of ATI during the 3rd quarter valued at about $18,928,000. Finally, Artemis Investment Management LLP bought a new position in shares of ATI during the 4th quarter valued at about $8,103,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATI. Barclays raised their price objective on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. 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. Finally, Benchmark raised their target price on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ATI has an average rating of “Moderate Buy” and an average price target of $75.00.

ATI Price Performance

NYSE ATI opened at $57.83 on Tuesday. The company has a 50 day simple moving average of $58.17 and a 200-day simple moving average of $59.81. 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 firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10. ATI Inc. has a 52-week low of $47.58 and a 52-week high of $68.92.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now 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 is available through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares in the company, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,498 shares of company stock valued at $2,288,141 over the last three months. 0.71% of the stock is owned by corporate 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.