Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 3,848 Shares of ATI Inc. (NYSE:ATI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of ATI Inc. (NYSE:ATI) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,452 shares of the basic materials company’s stock after buying an additional 3,848 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ATI were worth $1,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ORG Wealth Partners LLC bought a new position in shares of ATI during the 4th quarter worth approximately $25,000. Quarry LP lifted its holdings in ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 412 shares during the period. Mainstream Capital Management LLC purchased a new position in ATI in the fourth quarter worth $94,000. EverSource Wealth Advisors LLC grew its stake in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 1,690 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Susquehanna increased their target price on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Benchmark increased 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, ATI has an average rating of “Moderate Buy” and a consensus price target of $75.00.

ATI Stock Up 0.0 %

ATI opened at $54.21 on Wednesday. ATI Inc. has a 12 month low of $47.90 and a 12 month high of $68.92. The company has a market cap of $7.71 billion, a PE ratio of 21.26, a price-to-earnings-growth 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. The company has a 50 day moving average of $57.38 and a 200 day moving average of $58.63.

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

Insider Transactions at ATI

In related 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 transaction of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.

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.