TradeLink Capital LLC Takes $279,000 Position in ATI Inc. (NYSE:ATI)

TradeLink Capital LLC bought a new stake in ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,071 shares of the basic materials company’s stock, valued at approximately $279,000. ATI makes up approximately 2.8% of TradeLink Capital LLC’s investment portfolio, making the stock its 15th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in ATI. ORG Wealth Partners LLC acquired a new stake in shares of ATI in the 4th quarter valued at $25,000. Quarry LP boosted its stake in shares of ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of ATI in the 4th quarter valued at $94,000. Smartleaf Asset Management LLC raised its holdings in shares of ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after buying an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after buying an additional 1,516 shares during the last quarter.

ATI Stock Performance

Shares of NYSE:ATI opened at $55.37 on Friday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 21.71, a P/E/G ratio of 0.85 and a beta of 1.14. ATI Inc. has a 1-year low of $47.58 and a 1-year 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 business has a 50-day moving average price of $58.24 and a two-hundred day moving average price of $59.63.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ATI. Benchmark lifted 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. Barclays lifted 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. Susquehanna lifted 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. Finally, StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.00.

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the company’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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently 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.