9,200 Shares in ATI Inc. (NYSE:ATI) Bought by Ionic Capital Management LLC

Ionic Capital Management LLC bought a new stake in ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,200 shares of the basic materials company’s stock, valued at approximately $506,000.

Other hedge funds have also made changes to their positions in the company. Capital International Investors increased its holdings in ATI by 5.4% during the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company’s stock valued at $875,190,000 after acquiring an additional 817,182 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ATI by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock worth $844,061,000 after purchasing an additional 2,020,313 shares in the last quarter. Capital World Investors raised its position in shares of ATI by 100.5% during the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company’s stock worth $378,432,000 after purchasing an additional 3,446,919 shares during the last quarter. Invesco Ltd. raised its position in shares of ATI by 4.5% during the 4th quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company’s stock worth $258,495,000 after purchasing an additional 203,742 shares during the last quarter. Finally, Dendur Capital LP lifted its stake in ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company’s stock valued at $196,328,000 after buying an additional 3,058,628 shares in the last quarter.

ATI Price Performance

ATI opened at $71.46 on Friday. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $72.33. The company’s 50 day simple moving average is $52.71 and its 200 day simple moving average is $56.07. The stock has a market capitalization of $10.08 billion, a PE ratio of 28.02, a P/E/G ratio of 0.85 and a beta of 1.01. 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 announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $1.14 billion during 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%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. As a group, sell-side analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ATI. Barclays boosted their price target on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. BTIG Research set a $90.00 target price on shares of ATI and gave the company a “buy” rating in a research note on Monday, May 5th. Benchmark reaffirmed a “buy” rating and set a $81.00 price target on shares of ATI in a research note on Monday, April 21st. KeyCorp raised 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. Finally, StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.14.

Insiders Place Their Bets

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI 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 $34,535,760.84. The trade was a 8.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently 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.