ATI Inc. (NYSE:ATI) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its position in ATI Inc. (NYSE:ATI) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,662 shares of the basic materials company’s stock after selling 92,362 shares during the quarter. Neuberger Berman Group LLC’s holdings in ATI were worth $45,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ATI. ORG Wealth Partners LLC purchased a new position in ATI during the fourth quarter worth $25,000. Mainstream Capital Management LLC acquired a new stake in shares of ATI during the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC increased its position in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 288 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 1,516 shares in the last quarter.

ATI Price Performance

Shares of ATI stock opened at $46.32 on Friday. The business’s fifty day moving average price is $54.76 and its 200 day moving average price is $57.34. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $68.92. 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 stock has a market capitalization of $6.53 billion, a P/E ratio of 18.16, a PEG ratio of 0.85 and a beta of 0.80.

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 the consensus estimate 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 return on equity of 21.16% and a net margin of 8.43%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. As a group, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Benchmark lifted their price target on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Susquehanna boosted their price target on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Barclays lifted their price objective on 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 given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.