Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in ATI Inc. (NYSE:ATI)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ATI Inc. (NYSE:ATI) by 41.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 28,589 shares of the basic materials company’s stock after acquiring an additional 8,345 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ATI were worth $1,300,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new position in ATI in the fourth quarter worth approximately $1,698,000. Louisiana State Employees Retirement System purchased a new position in ATI in the fourth quarter worth approximately $2,901,000. Ballentine Partners LLC purchased a new position in ATI in the fourth quarter worth approximately $1,100,000. Assenagon Asset Management S.A. grew its position in ATI by 735.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,202 shares of the basic materials company’s stock worth $16,151,000 after acquiring an additional 312,699 shares during the period. Finally, Victory Capital Management Inc. grew its position in ATI by 67.3% in the third quarter. Victory Capital Management Inc. now owns 973,372 shares of the basic materials company’s stock worth $40,054,000 after acquiring an additional 391,554 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on ATI shares. KeyCorp upped their price target on ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. TheStreet upgraded ATI from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on ATI in a research note on Thursday, April 11th. They set a “buy” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

ATI Stock Up 3.9 %

Shares of NYSE ATI opened at $51.76 on Friday. The stock has a market cap of $6.44 billion, a P/E ratio of 20.62, a PEG ratio of 1.39 and a beta of 1.22. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45. ATI Inc. has a 12-month low of $34.10 and a 12-month high of $52.98. The business’s fifty day simple moving average is $49.61 and its 200-day simple moving average is $44.61.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. ATI had a return on equity of 24.64% and a net margin of 8.81%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. As a group, equities analysts predict that ATI Inc. will post 2.26 EPS for the current fiscal year.

Insider Activity at ATI

In related news, VP Timothy J. Harris sold 6,325 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the transaction, the vice president now owns 109,331 shares of the company’s stock, valued at $4,640,007.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is currently owned by corporate insiders.

ATI 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.