ATI (NYSE:ATI) Stock Price Down 5.7% – Should You Sell?

Shares of ATI Inc. (NYSE:ATI) fell 5.7% on Friday . The stock traded as low as $54.36 and last traded at $53.98. 216,729 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,407,922 shares. The stock had previously closed at $57.24.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ATI. 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 report on Wednesday, February 5th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Benchmark upped their price target on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Barclays lifted their price target on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

ATI Stock Down 3.9 %

The stock has a market capitalization of $7.82 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. 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 50 day moving average of $58.21 and a 200-day moving average of $59.74.

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

Insiders Place Their Bets

In other 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 sale, the senior vice president now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in ATI by 5.4% in the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company’s stock valued at $875,190,000 after buying an additional 817,182 shares during the period. Vanguard Group Inc. lifted its stake in shares of ATI by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock valued at $844,061,000 after purchasing an additional 2,020,313 shares during the period. Mountaineer Partners Management LLC boosted its holdings in ATI by 4,401.2% during the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock worth $629,683,000 after buying an additional 9,201,818 shares during the last quarter. Capital World Investors grew its position in shares of ATI by 100.5% during the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company’s stock worth $378,432,000 after buying an additional 3,446,919 shares during the period. Finally, Invesco Ltd. increased its stake in shares of ATI by 4.5% in the 4th quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company’s stock valued at $258,495,000 after acquiring an additional 203,742 shares during the last quarter.

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.