EntryPoint Capital LLC Grows Holdings in ATI Inc. (NYSE:ATI)

EntryPoint Capital LLC lifted its position in shares of ATI Inc. (NYSE:ATI) by 25.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,049 shares of the basic materials company’s stock after purchasing an additional 1,416 shares during the period. EntryPoint Capital LLC’s holdings in ATI were worth $388,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in ATI by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock worth $844,061,000 after acquiring an additional 2,020,313 shares in the last quarter. Mountaineer Partners Management LLC grew its position in shares of ATI by 4,401.2% in the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after purchasing an additional 9,201,818 shares during the period. Geode Capital Management LLC increased its stake in shares of ATI by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock worth $130,709,000 after purchasing an additional 5,165 shares in the last quarter. Channing Capital Management LLC raised its position in shares of ATI by 15.7% during the 4th quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company’s stock worth $92,162,000 after purchasing an additional 226,977 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of ATI by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock worth $86,031,000 after purchasing an additional 191,823 shares during the last quarter.

ATI Stock Performance

NYSE ATI opened at $54.01 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The stock’s fifty day moving average is $57.32 and its two-hundred day moving average is $58.60. The firm has a market capitalization of $7.68 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. ATI Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $68.92.

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, 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

ATI has been the subject of several research reports. Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Benchmark boosted their price target on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Susquehanna lifted their target price 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. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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 sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is currently owned by company insiders.

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.