ATI Inc. (NYSE:ATI) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its holdings in ATI Inc. (NYSE:ATI) by 294.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,353 shares of the basic materials company’s stock after purchasing an additional 1,010 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ATI were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ATI. Raymond James & Associates increased its stake in ATI by 2.0% during the fourth quarter. Raymond James & Associates now owns 27,585 shares of the basic materials company’s stock worth $1,254,000 after acquiring an additional 529 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in ATI during the fourth quarter worth about $1,698,000. New York State Teachers Retirement System increased its stake in ATI by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 175,709 shares of the basic materials company’s stock worth $7,989,000 after acquiring an additional 2,598 shares during the last quarter. Moody Aldrich Partners LLC increased its stake in ATI by 34.7% during the fourth quarter. Moody Aldrich Partners LLC now owns 157,170 shares of the basic materials company’s stock worth $7,147,000 after acquiring an additional 40,469 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in ATI during the fourth quarter worth about $2,901,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ATI shares. Deutsche Bank Aktiengesellschaft started coverage on ATI in a research note on Thursday, April 11th. They set a “buy” rating and a $70.00 price target for the company. BTIG Research started coverage on ATI in a research report on Wednesday, June 26th. They issued a “buy” rating and a $70.00 target price for the company. Benchmark upped their target price on ATI from $56.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Barclays upped their target price on ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Northcoast Research downgraded ATI from a “neutral” rating to a “sell” rating in a research report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.20.

ATI Stock Down 0.1 %

ATI traded down $0.06 on Tuesday, reaching $60.91. The company’s stock had a trading volume of 1,151,379 shares, compared to its average volume of 1,479,435. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07. ATI Inc. has a 1 year low of $35.03 and a 1 year high of $68.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37. The business’s 50 day moving average is $58.96 and its 200 day moving average is $53.21.

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.