ATI Inc. (NYSE:ATI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of ATI Inc. (NYSE:ATI) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $74.14.

A number of equities analysts have recently commented on the stock. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna upped 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.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. This represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the sale, the chairman now directly owns 436,443 shares of the company’s stock, valued at $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 valued at $2,288,141. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ATI. Mountaineer Partners Management LLC increased its holdings in shares of ATI by 4,401.2% in the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after acquiring an additional 9,201,818 shares during the last quarter. Raymond James Financial Inc. bought a new stake in ATI during the fourth quarter valued at $44,155,000. Forest Avenue Capital Management LP acquired a new stake in shares of ATI during the third quarter worth $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of ATI by 177.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock worth $30,242,000 after buying an additional 289,229 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of ATI in the 3rd quarter valued at about $18,928,000.

ATI Price Performance

ATI stock opened at $62.73 on Monday. The company has a market cap of $8.95 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $57.26 and a two-hundred day moving average price of $60.23. ATI has a 12-month low of $39.71 and a 12-month high of $68.92.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts predict that ATI will post 2.87 EPS for the current year.

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.