SG Americas Securities LLC Takes Position in ATI Inc. (NYSE:ATI)

SG Americas Securities LLC bought a new stake in ATI Inc. (NYSE:ATI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,516 shares of the basic materials company’s stock, valued at approximately $249,000.

Several other hedge funds also recently made changes to their positions in ATI. ORG Wealth Partners LLC bought a new stake in ATI during the 4th quarter valued at approximately $25,000. Quarry LP grew its holdings in shares of ATI by 86.4% in 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. UMB Bank n.a. lifted its stake in shares of ATI by 557.0% in the 3rd quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 791 shares during the period. GAMMA Investing LLC grew its position in shares of ATI by 66.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 1,330 shares during the period. Finally, KBC Group NV increased 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 buying an additional 385 shares in the last quarter.

ATI Stock Down 3.7 %

Shares of ATI stock opened at $63.44 on Friday. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.52 and a beta of 1.10. ATI Inc. has a 1 year low of $39.04 and a 1 year high of $68.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. The firm’s 50-day moving average is $57.21 and its two-hundred day moving average is $60.22.

ATI (NYSE:ATI) last released its quarterly 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 8.85% and a return on equity of 21.39%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.64 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that ATI Inc. will post 2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ATI shares. KeyCorp cut shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Susquehanna lifted their price target on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.14.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at $1,293,611.06. This represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the completion of the sale, the chairman now owns 436,443 shares in the company, valued at $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

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.