ATI Inc. (NYSE:ATI) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in shares of ATI Inc. (NYSE:ATI) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,396 shares of the basic materials company’s stock after buying an additional 36,005 shares during the period. Segall Bryant & Hamill LLC owned about 0.12% of ATI worth $9,379,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of ATI in the 4th quarter valued at approximately $25,000. Quarry LP grew its stake in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 412 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in ATI in the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC raised its stake in ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after buying an additional 288 shares in the last quarter. Finally, 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 during the last quarter.

ATI Stock Down 0.4 %

Shares of ATI opened at $54.01 on Thursday. ATI Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $68.92. The company’s fifty day moving average is $57.32 and its two-hundred day moving average is $58.60. The firm has a market cap of $7.68 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI) last posted 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. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 10.2% on a year-over-year basis. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were 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 of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of research analyst reports. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Barclays upped 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. Susquehanna lifted their price target on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Finally, Benchmark upped their price objective on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

About ATI

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.