Dayah Capital LLC cut its stake in shares of ATI Inc. (NYSE:ATI – Free Report) by 34.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,842 shares of the basic materials company’s stock after selling 5,158 shares during the period. ATI makes up 0.5% of Dayah Capital LLC’s holdings, making the stock its 29th biggest holding. Dayah Capital LLC’s holdings in ATI were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the stock. Signature Equity Partners LLC boosted its position in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 123 shares during the period. Torren Management LLC purchased a new stake in ATI in the fourth quarter valued at approximately $52,000. Summit Securities Group LLC purchased a new stake in ATI in the first quarter valued at approximately $60,000. Hollencrest Capital Management lifted its stake in ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in ATI by 137.3% during the fourth quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 346 shares in the last quarter.
ATI Stock Performance
Shares of ATI stock opened at $181.87 on Friday. The firm has a 50 day moving average of $187.83 and a two-hundred day moving average of $161.29. The stock has a market capitalization of $24.82 billion, a PE ratio of 60.22, a P/E/G ratio of 1.42 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $205.31.
Insider Transactions at ATI
In other news, CEO Kimberly A. Fields sold 31,757 shares of ATI stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the completion of the transaction, the chief executive officer owned 125,564 shares in the company, valued at approximately $23,981,468.36. This trade represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 192,199 shares of company stock valued at $34,601,100. 0.98% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $194.00 price target on shares of ATI in a research report on Friday, May 1st. Susquehanna boosted their price objective on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $176.78.
Check Out Our Latest Research Report on ATI
ATI Company Profile
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
Featured Articles
- Five stocks we like better than ATI
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI – Free Report).
Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.
