Register Financial Advisors LLC Acquires 900 Shares of ATI Inc. (NYSE:ATI)

Register Financial Advisors LLC lifted its holdings in shares of ATI Inc. (NYSE:ATI) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,153 shares of the basic materials company’s stock after purchasing an additional 900 shares during the period. ATI accounts for about 1.6% of Register Financial Advisors LLC’s portfolio, making the stock its 12th biggest position. Register Financial Advisors LLC’s holdings in ATI were worth $3,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Covestor Ltd raised its stake in ATI by 73.1% during the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after buying an additional 441 shares during the period. GAMMA Investing LLC acquired a new position in ATI during the 4th quarter worth approximately $58,000. Edmond DE Rothschild Holding S.A. raised its stake 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 buying an additional 1,800 shares during the period. Quest Partners LLC acquired a new position in ATI during the 4th quarter worth approximately $174,000. Finally, TFO Wealth Partners LLC raised its stake in shares of ATI by 103,225.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,133 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 4,129 shares during the last quarter.

ATI Price Performance

NYSE:ATI traded down $1.08 during trading hours on Friday, hitting $55.44. 16,824,057 shares of the company’s stock traded hands, compared to its average volume of 1,540,075. The firm has a market cap of $6.90 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.42 and a beta of 1.12. ATI Inc. has a 52 week low of $35.03 and a 52 week high of $62.44. The business’s fifty day simple moving average is $57.47 and its two-hundred day simple moving average is $49.96. The company has a quick ratio of 1.37, a current ratio of 2.81 and a debt-to-equity ratio of 1.56.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, research analysts anticipate that ATI Inc. will post 2.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ATI. KeyCorp increased their price objective on ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Northcoast Research downgraded ATI from a “neutral” rating to a “sell” rating in a research note on Friday, June 14th. Barclays increased their price target on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. BTIG Research started coverage on ATI in a research report on Wednesday. They set a “buy” rating and a $70.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on ATI in a research report on Thursday, April 11th. They set a “buy” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, ATI has an average rating of “Moderate Buy” and a consensus price target of $63.83.

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.