GAMMA Investing LLC Has $96,000 Stock Position in ATI Inc. (NYSE:ATI)

GAMMA Investing LLC lifted its stake in ATI Inc. (NYSE:ATI) by 46.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,868 shares of the basic materials company’s stock after buying an additional 593 shares during the period. GAMMA Investing LLC’s holdings in ATI were worth $96,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Covestor Ltd raised its stake in ATI by 73.1% during the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 441 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of 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 purchasing an additional 1,800 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of ATI during the 4th quarter worth about $174,000. TFO Wealth Partners LLC lifted its holdings in ATI by 103,225.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,133 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 4,129 shares during the last quarter. Finally, Sage Rhino Capital LLC acquired a new position in ATI in the fourth quarter valued at about $201,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Northcoast Research lowered shares of ATI from a “neutral” rating to a “sell” rating in a report on Friday, June 14th. Barclays raised their price target on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, KeyCorp raised their target price on ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.60.

ATI Trading Down 0.7 %

Shares of ATI opened at $54.07 on Friday. The stock’s fifty day simple moving average is $57.12 and its 200-day simple moving average is $49.59. The firm has a market capitalization of $6.73 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.12. ATI Inc. has a 12-month low of $35.03 and a 12-month high of $62.44. 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 announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, research analysts predict that ATI Inc. will post 2.45 earnings per share for the current year.

ATI 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.