ATI (NYSE:ATI) Earns Buy Rating from Seaport Res Ptn

Seaport Res Ptn reiterated their buy rating on shares of ATI (NYSE:ATI – Get Rating) in a research report sent to investors on Saturday, PriceTargets.com reports.

ATI has been the topic of a number of other research reports. StockNews.com raised ATI from a sell rating to a hold rating in a research note on Monday, October 24th. KeyCorp lifted their price objective on ATI from $33.00 to $36.00 and gave the stock an overweight rating in a research note on Monday, December 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $33.20.

ATI Stock Up 0.1 %

Shares of ATI opened at $35.56 on Friday. The business’s 50 day moving average is $31.05 and its 200 day moving average is $29.41. The company has a market capitalization of $4.60 billion, a PE ratio of 323.30 and a beta of 1.21. ATI has a 12-month low of $17.71 and a 12-month high of $36.25. The company has a current ratio of 2.88, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.

ATI (NYSE:ATI – Get Rating) last issued its earnings results on Wednesday, November 2nd. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $936.80 million. ATI had a return on equity of 28.25% and a net margin of 0.67%. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. Research analysts expect that ATI will post 1.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Elliot S. Davis sold 28,572 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $30.68, for a total transaction of $876,588.96. Following the transaction, the insider now owns 160,350 shares of the company’s stock, valued at approximately $4,919,538. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Robert S. Wetherbee sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $30.23, for a total transaction of $453,450.00. Following the transaction, the chief executive officer now owns 333,753 shares of the company’s stock, valued at approximately $10,089,353.19. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Elliot S. Davis sold 28,572 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $30.68, for a total value of $876,588.96. Following the transaction, the insider now directly owns 160,350 shares in the company, valued at approximately $4,919,538. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On ATI

Several large investors have recently modified their holdings of ATI. United Services Automobile Association boosted its holdings in ATI by 4.1% during the 3rd quarter. United Services Automobile Association now owns 14,168 shares of the basic materials company’s stock valued at $378,000 after acquiring an additional 556 shares during the period. ARK Investment Management LLC boosted its holdings in ATI by 6.1% during the 3rd quarter. ARK Investment Management LLC now owns 9,877 shares of the basic materials company’s stock valued at $263,000 after acquiring an additional 566 shares during the period. Nisa Investment Advisors LLC boosted its holdings in ATI by 12.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,532 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 732 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in ATI by 2.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 41,594 shares of the basic materials company’s stock valued at $1,107,000 after acquiring an additional 878 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in ATI by 4.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 20,568 shares of the basic materials company’s stock valued at $547,000 after acquiring an additional 935 shares during the period.

ATI Company Profile

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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.