Wealthfront Advisers LLC Makes New $1.52 Million Investment in ATI Inc. (NYSE:ATI)

Wealthfront Advisers LLC acquired a new position in ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,140 shares of the basic materials company’s stock, valued at approximately $1,523,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ATI. Apollon Wealth Management LLC boosted its position in ATI by 7.5% in the third quarter. Apollon Wealth Management LLC now owns 6,514 shares of the basic materials company’s stock worth $436,000 after purchasing an additional 457 shares during the last quarter. GSA Capital Partners LLP boosted its position in ATI by 15.1% in the third quarter. GSA Capital Partners LLP now owns 7,763 shares of the basic materials company’s stock worth $519,000 after purchasing an additional 1,021 shares during the last quarter. KBC Group NV boosted its position in ATI by 12.9% in the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 385 shares during the last quarter. ING Groep NV purchased a new position in shares of ATI during the 3rd quarter valued at $3,212,000. Finally, CIBC Asset Management Inc purchased a new position in shares of ATI during the 3rd quarter valued at $249,000.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company’s 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 transaction, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. This represents a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

ATI Stock Performance

NYSE:ATI opened at $51.63 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 52-week low of $47.58 and a 52-week high of $68.92. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 0.85 and a beta of 1.14. The business’s fifty day moving average is $57.83 and its 200 day moving average is $59.17.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. Research analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Analyst Ratings Changes

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

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.