Mutual of America Capital Management LLC Cuts Stake in ATI Inc. (NYSE:ATI)

Mutual of America Capital Management LLC decreased its position in ATI Inc. (NYSE:ATI) by 59.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,607 shares of the basic materials company’s stock after selling 32,211 shares during the period. Mutual of America Capital Management LLC’s holdings in ATI were worth $1,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc raised its position in ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 192 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of ATI by 2.1% during the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 240 shares during the period. KBC Group NV increased its holdings in shares of ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 385 shares in the last quarter. Souders Financial Advisors lifted its stake in shares of ATI by 6.1% in the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock valued at $477,000 after purchasing an additional 411 shares during the period. Finally, Quarry LP boosted 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 buying an additional 412 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on ATI. Benchmark increased their target price on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Susquehanna raised their price objective on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays raised 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

ATI Price Performance

Shares of NYSE:ATI opened at $55.37 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The business’s fifty day moving average price is $58.24 and its two-hundred day moving average price is $59.59. The stock has a market cap of $7.87 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. ATI Inc. has a one year low of $47.58 and a one year high of $68.92.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The business 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 business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. On average, analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the business’s 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 transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is owned by corporate insiders.

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.