NEOS Investment Management LLC Acquires 14,454 Shares of ATI Inc. (NYSE:ATI)

NEOS Investment Management LLC increased its holdings in ATI Inc. (NYSE:ATI) by 22.9% in the 4th quarter, Holdings Channel reports. The fund owned 77,616 shares of the basic materials company’s stock after buying an additional 14,454 shares during the quarter. NEOS Investment Management LLC’s holdings in ATI were worth $4,272,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC increased its stake in shares of ATI by 149.4% during the third quarter. Cerity Partners LLC now owns 15,071 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 9,027 shares in the last quarter. Bank of Montreal Can increased its position in ATI by 38.4% during the 3rd quarter. Bank of Montreal Can now owns 157,254 shares of the basic materials company’s stock valued at $10,421,000 after buying an additional 43,648 shares in the last quarter. Qsemble Capital Management LP bought a new position in ATI during the 3rd quarter valued at approximately $452,000. Quantbot Technologies LP purchased a new position in ATI during the third quarter valued at $969,000. Finally, Townsquare Capital LLC bought a new stake in ATI in the third quarter worth $286,000.

ATI Stock Down 2.3 %

ATI opened at $52.75 on Friday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.85 and a beta of 1.14. The firm has a 50 day moving average price of $57.22 and a 200-day moving average price of $58.56. ATI Inc. has a twelve month low of $47.90 and a twelve month high of $68.92. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. Equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Benchmark raised their price target on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Susquehanna raised their price objective 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. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Barclays raised their price target on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. 0.71% of the stock is owned by company insiders.

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.