Moody Aldrich Partners LLC Sells 67,780 Shares of ATI Inc. (NYSE:ATI)

Moody Aldrich Partners LLC decreased its stake in shares of ATI Inc. (NYSE:ATI) by 46.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,783 shares of the basic materials company’s stock after selling 67,780 shares during the period. Moody Aldrich Partners LLC owned approximately 0.05% of ATI worth $4,281,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Mountaineer Partners Management LLC boosted its stake 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. Geode Capital Management LLC boosted its stake in shares of ATI by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock valued at $130,709,000 after purchasing an additional 5,165 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ATI by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,239 shares of the basic materials company’s stock valued at $91,750,000 after purchasing an additional 24,224 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ATI by 1.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 580,194 shares of the basic materials company’s stock valued at $38,821,000 after purchasing an additional 7,854 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of ATI by 10.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 571,676 shares of the basic materials company’s stock valued at $38,251,000 after purchasing an additional 51,799 shares in the last quarter.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the firm’s stock in a transaction 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 directly owns 436,443 shares of the company’s stock, valued at $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

ATI Stock Up 2.7 %

ATI opened at $57.79 on Wednesday. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. ATI Inc. has a 1-year low of $38.04 and a 1-year high of $68.92. The company has a market capitalization of $8.24 billion, a PE ratio of 22.23, a PEG ratio of 1.53 and a beta of 1.12. The firm’s 50 day simple moving average is $57.01 and its two-hundred day simple moving average is $60.18.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.12 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, equities analysts forecast that ATI Inc. will post 2.28 EPS for the current year.

Analyst Upgrades and Downgrades

ATI has been the topic of several research reports. KeyCorp lowered shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Susquehanna dropped their price objective on shares of ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One 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’s stock. Based on data from MarketBeat, ATI presently has an average rating of “Moderate Buy” and an average price target of $73.71.

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.