5,435 Shares in ATI Inc. (NYSE:ATI) Bought by Capital International Sarl

Capital International Sarl acquired a new stake in shares of ATI Inc. (NYSE:ATI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,435 shares of the basic materials company’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 1492 Capital Management LLC lifted its stake in ATI by 47.0% in the fourth quarter. 1492 Capital Management LLC now owns 24,967 shares of the basic materials company’s stock worth $1,374,000 after purchasing an additional 7,979 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of ATI by 58.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 202,808 shares of the basic materials company’s stock worth $11,163,000 after acquiring an additional 74,608 shares during the last quarter. Gabelli Funds LLC purchased a new position in ATI during the 4th quarter valued at $798,000. Bridgewater Associates LP bought a new position in ATI in the 4th quarter valued at $4,223,000. Finally, AGP Franklin LLC purchased a new stake in ATI in the fourth quarter worth $2,108,000.

ATI Trading Down 0.5 %

Shares of NYSE ATI opened at $45.51 on Friday. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $68.92. The business has a fifty day moving average price of $52.71 and a 200 day moving average price of $56.52. The stock has a market capitalization of $6.42 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

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

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of research analyst reports. Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report 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. Benchmark raised their target price on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price target on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One 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. According to data from MarketBeat, ATI has a consensus rating of “Moderate Buy” and an average price target of $75.00.

ATI 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.