Senator Investment Group LP Purchases 28,556 Shares of ATI Inc. (NYSE:ATI)

Senator Investment Group LP grew its position in shares of ATI Inc. (NYSE:ATI) by 4.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 718,556 shares of the basic materials company’s stock after buying an additional 28,556 shares during the quarter. Senator Investment Group LP’s holdings in ATI were worth $39,549,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ATI. ORG Wealth Partners LLC acquired a new stake in ATI in the 4th quarter valued at about $25,000. Mainstream Capital Management LLC bought a new stake in shares of ATI during the fourth quarter valued at approximately $94,000. EverSource Wealth Advisors LLC raised its position in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 288 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after buying an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings 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 buying an additional 1,516 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

ATI Trading Down 0.5 %

NYSE ATI opened at $45.51 on Monday. 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 stock’s 50-day moving average is $52.71 and its 200-day moving average is $56.47. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. The firm has a market cap of $6.42 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.85 and a beta of 0.80.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate 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.