Commonwealth Equity Services LLC Reduces Stake in ATI Inc. (NYSE:ATI)

Commonwealth Equity Services LLC cut its stake in shares of ATI Inc. (NYSE:ATI) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,316 shares of the basic materials company’s stock after selling 245 shares during the period. Commonwealth Equity Services LLC’s holdings in ATI were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. ORG Wealth Partners LLC bought a new position in shares of ATI during the 4th quarter valued at approximately $25,000. Quarry LP boosted its stake 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 during the period. Mainstream Capital Management LLC bought a new position in ATI during the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC raised its stake in shares of ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 1,690 shares during the last quarter.

ATI Stock Up 1.1 %

Shares of NYSE ATI opened at $52.59 on Wednesday. ATI Inc. has a 52-week low of $47.90 and a 52-week high of $68.92. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.85 and a beta of 1.14. The stock has a 50 day moving average price of $56.88 and a 200 day moving average price of $58.34. 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 (NYSE:ATI) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were 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 owns 25,994 shares of the company’s stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is owned by 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.