Boothbay Fund Management LLC Takes $4.49 Million Position in ATI Inc. (NYSE:ATI)

Boothbay Fund Management LLC purchased a new position in shares of ATI Inc. (NYSE:ATI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 81,656 shares of the basic materials company’s stock, valued at approximately $4,494,000. Boothbay Fund Management LLC owned about 0.06% of ATI at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in ATI in the fourth quarter worth $25,000. Mainstream Capital Management LLC acquired a new position in ATI during the 4th quarter worth about $94,000. EverSource Wealth Advisors LLC grew its holdings in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 288 shares during the last quarter. Smartleaf Asset Management LLC increased its position in ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 1,516 shares during the last quarter.

ATI Trading Up 1.1 %

NYSE ATI opened at $53.05 on Friday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $68.92. The stock has a 50-day simple moving average of $51.52 and a 200 day simple moving average of $56.01. The company has a market capitalization of $7.48 billion, a PE ratio of 20.80, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88.

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

Analysts Set New Price Targets

ATI has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $81.00 price target on shares of ATI in a research note on Monday, April 21st. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Wednesday. Susquehanna lifted their price objective on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. Finally, Barclays upped their target price on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, ATI presently has an average rating of “Moderate Buy” and a consensus price target of $73.29.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction 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 sale, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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.