ATI Inc. (NYSE:ATI) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of ATI Inc. (NYSE:ATI) by 422.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,125 shares of the basic materials company’s stock after purchasing an additional 16,272 shares during the quarter. Ieq Capital LLC’s holdings in ATI were worth $1,108,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC grew its stake in ATI by 4,401.2% in 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 acquiring an additional 9,201,818 shares during the last quarter. Geode Capital Management LLC increased its position in ATI by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock worth $130,709,000 after buying an additional 5,165 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ATI by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,239 shares of the basic materials company’s stock worth $91,750,000 after acquiring an additional 24,224 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of ATI by 17.8% in the fourth quarter. Principal Financial Group Inc. now owns 690,215 shares of the basic materials company’s stock valued at $37,989,000 after acquiring an additional 104,267 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ATI by 1.4% during the third 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 acquiring an additional 7,854 shares during the last quarter.

ATI Stock Performance

NYSE:ATI opened at $57.08 on Tuesday. ATI Inc. has a 1-year low of $45.91 and a 1-year high of $68.92. The stock has a market cap of $8.14 billion, a P/E ratio of 22.39, a PEG ratio of 0.90 and a beta of 1.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm has a 50-day moving average of $57.91 and a two-hundred day moving average of $60.01.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.64 EPS. ATI’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction that occurred 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 $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,498 shares of company stock valued at $2,288,141. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

ATI has been the topic of several recent analyst reports. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Barclays raised their price target on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Benchmark increased their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.