Royce & Associates LP Boosts Stake in ATI Inc. (NYSE:ATI)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in ATI in the 4th quarter valued at $25,000. Quarry LP raised its holdings in 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 acquiring an additional 412 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in ATI in the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC raised its holdings in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 288 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 Down 0.2 %

Shares of NYSE ATI opened at $51.38 on Tuesday. ATI Inc. has a 12-month low of $47.58 and a 12-month high of $68.92. The company has a market cap of $7.31 billion, a P/E 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. The stock has a fifty day moving average price of $57.74 and a 200 day moving average price of $58.99.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value 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. This represents a 27.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is currently owned by corporate 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.