Susquehanna Fundamental Investments LLC Purchases New Stake in ATI Inc. (NYSE:ATI)

Susquehanna Fundamental Investments LLC bought a new stake in shares of ATI Inc. (NYSE:ATI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 153,078 shares of the basic materials company’s stock, valued at approximately $8,425,000. Susquehanna Fundamental Investments LLC owned 0.11% of ATI at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have commented on ATI. Benchmark reaffirmed a “buy” rating and issued a $81.00 target price on shares of ATI in a research note on Monday, April 21st. Barclays raised their price target on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $55.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Susquehanna lifted their price target on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.29.

ATI Price Performance

NYSE:ATI opened at $53.05 on Monday. The stock 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. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $68.92. The firm has a fifty day simple moving average of $51.52 and a 200 day simple moving average of $55.96. 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 issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, research analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.