Alberta Investment Management Corp Sells 14,155 Shares of ATI Inc. (NYSE:ATI)

Alberta Investment Management Corp lowered its position in ATI Inc. (NYSE:ATI) by 14.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 84,826 shares of the basic materials company’s stock after selling 14,155 shares during the period. Alberta Investment Management Corp’s holdings in ATI were worth $4,669,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ATI. Sequoia Financial Advisors LLC increased its holdings in ATI by 3.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 172 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 192 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of ATI by 2.1% during the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 240 shares during the period. KBC Group NV increased its holdings in shares of ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 385 shares during the period. Finally, Souders Financial Advisors increased its holdings in shares of ATI by 6.1% during the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock worth $477,000 after purchasing an additional 411 shares during the period.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value 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. The trade was a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was 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 in the company, valued at $1,293,611.06. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,498 shares of company stock valued at $2,288,141 over the last 90 days. 1.05% of the stock is currently owned by corporate insiders.

ATI Trading Down 1.1 %

NYSE:ATI opened at $61.46 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $57.77 and a 200-day moving average price of $60.06. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 0.90 and a beta of 1.10. ATI Inc. has a 12 month low of $44.15 and a 12 month high of $68.92.

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, 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 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 business earned $0.64 EPS. ATI’s revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ATI. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Susquehanna boosted their target price on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Benchmark boosted their target price on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. KeyCorp lowered shares of ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One equities research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

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.