American Century Companies Inc. Grows Stock Holdings in ATI Inc. (NYSE:ATI)

American Century Companies Inc. lifted its position in ATI Inc. (NYSE:ATI) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,361,465 shares of the basic materials company’s stock after buying an additional 160,364 shares during the period. American Century Companies Inc.’s holdings in ATI were worth $74,935,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in ATI in the fourth quarter valued at approximately $25,000. Quarry LP increased its position in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 412 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of ATI during the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC boosted its position in shares of ATI by 20.0% in 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. Finally, Smartleaf Asset Management LLC grew its stake in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after buying an additional 1,690 shares during the last quarter.

ATI Stock Up 4.2 %

NYSE:ATI opened at $54.25 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company’s fifty day moving average price is $57.42 and its 200-day moving average price is $58.66. ATI Inc. has a 1-year low of $47.90 and a 1-year high of $68.92. The firm has a market capitalization of $7.71 billion, a P/E ratio of 21.27, a PEG ratio of 0.85 and a beta of 1.14.

ATI (NYSE:ATI) last announced its quarterly earnings results 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. As a group, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ATI has been the subject of several recent analyst reports. Benchmark raised their price target on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays upped their price target on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Susquehanna lifted their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.