First Hawaiian Bank Buys Shares of 13,655 ATI Inc. (NYSE:ATI)

First Hawaiian Bank bought a new stake in ATI Inc. (NYSE:ATI) in the second quarter, HoldingsChannel reports. The institutional investor bought 13,655 shares of the basic materials company’s stock, valued at approximately $757,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new position in ATI in the 1st quarter valued at about $51,000. GAMMA Investing LLC purchased a new stake in shares of ATI during the 4th quarter worth about $58,000. EverSource Wealth Advisors LLC grew its stake in shares of ATI by 294.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 1,010 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in ATI by 211.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in ATI during the 4th quarter worth approximately $174,000.

Analysts Set New Price Targets

ATI has been the subject of several research reports. KeyCorp lifted their target price on ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Northcoast Research downgraded ATI from a “neutral” rating to a “sell” rating in a research note on Friday, June 14th. BTIG Research initiated coverage on ATI in a research report on Wednesday, June 26th. They set a “buy” rating and a $70.00 target price on the stock. Benchmark boosted 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. Finally, Barclays lifted their price target on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.20.

ATI Trading Down 2.0 %

Shares of ATI stock traded down $1.25 during trading hours on Monday, reaching $60.97. The company had a trading volume of 2,092,135 shares, compared to its average volume of 1,478,881. The company has a 50 day moving average of $58.95 and a 200 day moving average of $53.08. 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 firm has a market cap of $7.59 billion, a price-to-earnings ratio of 24.99, a P/E/G 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.

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.