J. Goldman & Co LP Buys Shares of 265,851 ATI Inc. (NYSE:ATI)

J. Goldman & Co LP purchased a new stake in ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 265,851 shares of the basic materials company’s stock, valued at approximately $14,632,000. J. Goldman & Co LP owned 0.19% of ATI at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in ATI during the 4th quarter valued at $25,000. Mainstream Capital Management LLC acquired a new stake in ATI in the fourth quarter worth about $94,000. EverSource Wealth Advisors LLC grew its position in ATI by 20.0% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC increased its stake in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after buying an additional 1,690 shares during the period. Finally, Blue Trust Inc. raised 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 in the last quarter.

ATI Trading Up 0.6 %

ATI stock opened at $71.46 on Friday. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $72.33. 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 firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 0.85 and a beta of 1.01. The company has a 50 day moving average price of $52.71 and a 200 day moving average price of $56.07.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Research analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman now directly owns 506,538 shares of the company’s stock, valued at approximately $34,535,760.84. The trade was a 8.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ATI has been the topic of several recent analyst reports. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Barclays raised their target price on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $55.00 price objective for the company in a research report on Wednesday, April 23rd. Benchmark restated a “buy” rating and set a $81.00 target price on shares of ATI in a report on Monday, April 21st. Finally, Susquehanna upped their price target on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and an average price target of $76.14.

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.