Xponance Inc. Has $298,000 Holdings in ATI Inc. (NYSE:ATI)

Xponance Inc. increased its holdings in shares of ATI Inc. (NYSE:ATI) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,406 shares of the basic materials company’s stock after purchasing an additional 724 shares during the quarter. Xponance Inc.’s holdings in ATI were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATI. ORG Wealth Partners LLC bought a new position in shares of ATI in the 4th quarter valued at about $25,000. Quarry LP grew its stake in ATI by 86.4% in the third 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 acquired a new position in shares of ATI during the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC raised its stake in shares of ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 288 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after buying an additional 1,690 shares during the last quarter.

ATI Price Performance

ATI stock opened at $52.75 on Friday. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.69, a PEG 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. ATI Inc. has a 12 month low of $47.90 and a 12 month high of $68.92. The stock’s 50 day moving average is $57.22 and its 200-day moving average is $58.56.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. Equities research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction on Thursday, February 6th. The stock was 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. The trade was a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ATI shares. Susquehanna boosted their target price on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Barclays raised their target price 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 ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Benchmark raised their price objective on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.00.

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.