ATI Inc. (NYSE:ATI) Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC raised its holdings in ATI Inc. (NYSE:ATI) by 15.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,674,461 shares of the basic materials company’s stock after acquiring an additional 226,977 shares during the period. ATI accounts for about 2.5% of Channing Capital Management LLC’s holdings, making the stock its 9th biggest position. Channing Capital Management LLC owned 1.17% of ATI worth $92,162,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in ATI in the fourth quarter valued at approximately $25,000. Quarry LP lifted its stake in shares of 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 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 worth about $94,000. Smartleaf Asset Management LLC grew 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 purchasing an additional 1,690 shares during the period. Finally, Blue Trust Inc. increased its position in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,516 shares in the last quarter.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was 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 in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by company insiders.

ATI Trading Down 7.2 %

ATI stock opened at $51.30 on Tuesday. ATI Inc. has a 1 year low of $47.58 and a 1 year high of $68.92. The firm’s 50-day moving average is $58.16 and its 200-day moving average is $59.50. 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 company has a market cap of $7.29 billion, a P/E ratio of 20.12, a PEG ratio of 0.85 and a beta of 1.14.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS 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 return on equity of 21.16% and a net margin of 8.43%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. On average, equities analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. Barclays lifted their price objective 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. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Benchmark lifted 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

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.