EverSource Wealth Advisors LLC Buys 288 Shares of ATI Inc. (NYSE:ATI)

EverSource Wealth Advisors LLC increased its stake in shares of ATI Inc. (NYSE:ATI) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,729 shares of the basic materials company’s stock after purchasing an additional 288 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ATI were worth $95,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mountaineer Partners Management LLC boosted its holdings in ATI by 4,401.2% in the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after acquiring an additional 9,201,818 shares during the last quarter. Raymond James Financial Inc. acquired a new position in ATI during the 4th quarter valued at about $44,155,000. Forest Avenue Capital Management LP bought a new position in shares of ATI in the 3rd quarter valued at about $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of ATI by 177.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock worth $30,242,000 after buying an additional 289,229 shares during the period. Finally, Holocene Advisors LP bought a new stake in shares of ATI during the third quarter worth approximately $18,928,000.

ATI Trading Down 1.5 %

NYSE ATI opened at $50.62 on Wednesday. ATI Inc. has a one year low of $47.58 and a one year high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm has a market cap of $7.20 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.85 and a beta of 1.14. The stock’s 50-day moving average is $57.64 and its 200-day moving average is $58.90.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS 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 the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ATI shares. Susquehanna raised their price objective on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Benchmark upped their price objective on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Barclays raised their target price on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.00.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

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.