1,700 Shares in ATI Inc. (NYSE:ATI) Bought by Mainstream Capital Management LLC

Mainstream Capital Management LLC bought a new position in shares of ATI Inc. (NYSE:ATI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,700 shares of the basic materials company’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in ATI during the fourth quarter worth $25,000. Quarry LP raised its holdings in 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 buying an additional 412 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in ATI by 236.0% during the fourth 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. Blue Trust Inc. raised its holdings in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after buying an additional 1,516 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock worth $215,000 after buying an additional 192 shares during the last quarter.

ATI Stock Performance

Shares of ATI stock opened at $57.83 on Tuesday. The firm has a 50-day moving average of $58.17 and a 200-day moving average of $59.81. The company has a market cap of $8.22 billion, a P/E ratio of 22.68, a P/E/G ratio of 0.85 and a beta of 1.10. 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 Inc. has a one year low of $47.58 and a one year high of $68.92.

ATI (NYSE:ATI) last posted 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. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. Equities research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ATI. Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Susquehanna upped their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Finally, Benchmark upped their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated 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 owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,498 shares of company stock worth $2,288,141. 0.71% of the stock is owned by company insiders.

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.