Royce & Associates LP Increases Holdings in ATI Inc. (NYSE:ATI)

Royce & Associates LP grew its holdings in shares of ATI Inc. (NYSE:ATI) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,902 shares of the basic materials company’s stock after buying an additional 22,780 shares during the period. Royce & Associates LP owned 0.17% of ATI worth $13,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC increased its position in shares of ATI by 4,401.2% during the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock worth $629,683,000 after purchasing an additional 9,201,818 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ATI during the fourth quarter worth about $44,155,000. Forest Avenue Capital Management LP acquired a new stake in shares of ATI during the third quarter worth about $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of ATI by 177.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock worth $30,242,000 after purchasing an additional 289,229 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of ATI during the third quarter worth about $18,928,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Susquehanna lifted their target price on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Benchmark boosted their price target on ATI from $80.00 to $81.00 and gave the company 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 research report on Monday, February 10th. One investment 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. According to data from MarketBeat, ATI currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

ATI Price Performance

Shares of ATI opened at $51.38 on Tuesday. ATI Inc. has a twelve month low of $47.58 and a twelve month high of $68.92. The stock’s 50 day moving average is $57.74 and its two-hundred day moving average is $58.99. The firm has a market capitalization of $7.31 billion, a PE ratio of 20.15, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88.

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, beating analysts’ consensus estimates 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 analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

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.