ATI Inc. (NYSE:ATI) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in shares of ATI Inc. (NYSE:ATI) by 111.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 332,302 shares of the basic materials company’s stock after purchasing an additional 174,903 shares during the quarter. Corient Private Wealth LLC’s holdings in ATI were worth $18,290,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of ATI by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock worth $86,031,000 after purchasing an additional 191,823 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of ATI during the third quarter worth approximately $765,000. Franklin Resources Inc. increased its stake in shares of ATI by 16.2% during the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock worth $27,993,000 after buying an additional 61,999 shares during the period. Advisors Asset Management Inc. increased its stake in shares of ATI by 16.9% during the third quarter. Advisors Asset Management Inc. now owns 77,022 shares of the basic materials company’s stock worth $5,154,000 after buying an additional 11,154 shares during the period. Finally, Covea Finance increased its stake in shares of ATI by 32.7% during the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after buying an additional 16,000 shares during the period.

ATI Stock Performance

Shares of ATI stock opened at $50.62 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $7.20 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.85 and a beta of 1.14. The firm’s 50 day moving average is $57.64 and its two-hundred day moving average is $58.90. ATI Inc. has a 52 week low of $47.58 and a 52 week high of $68.92.

ATI (NYSE:ATI) last announced its 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 for 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 company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATI. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Benchmark upped their target price on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays upped their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Susquehanna increased their price target on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.