ATI Inc. (NYSE:ATI) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in ATI Inc. (NYSE:ATI) by 16.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 228,845 shares of the basic materials company’s stock after selling 46,267 shares during the quarter. Kennedy Capital Management LLC’s holdings in ATI were worth $11,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATI. Raymond James & Associates raised its position in ATI by 2.0% in the fourth quarter. Raymond James & Associates now owns 27,585 shares of the basic materials company’s stock worth $1,254,000 after acquiring an additional 529 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in ATI in the fourth quarter worth about $1,698,000. Ballentine Partners LLC bought a new stake in ATI in the fourth quarter worth about $1,100,000. New York State Teachers Retirement System raised its position in ATI by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 175,709 shares of the basic materials company’s stock worth $7,989,000 after acquiring an additional 2,598 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its position in ATI by 34.7% in the fourth quarter. Moody Aldrich Partners LLC now owns 157,170 shares of the basic materials company’s stock worth $7,147,000 after acquiring an additional 40,469 shares in the last quarter.

Analyst Ratings Changes

ATI has been the topic of several recent analyst reports. Benchmark boosted their price objective on ATI from $56.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Barclays boosted their price objective on ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on ATI in a report on Thursday, April 11th. They set a “buy” rating and a $70.00 price objective on the stock. Northcoast Research downgraded ATI from a “neutral” rating to a “sell” rating in a report on Friday, June 14th. Finally, BTIG Research assumed coverage on ATI in a report on Wednesday, June 26th. They set a “buy” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.20.

ATI Stock Up 1.1 %

Shares of NYSE ATI traded up $0.71 during trading hours on Tuesday, hitting $65.57. The stock had a trading volume of 1,286,887 shares, compared to its average volume of 1,475,107. The company has a market capitalization of $8.16 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.64 and a beta of 1.07. The firm’s 50-day moving average price is $58.51 and its two-hundred day moving average price is $52.44. ATI Inc. has a 52 week low of $35.03 and a 52 week high of $66.43. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.37 and a current ratio of 2.81.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Analysts anticipate that ATI Inc. will post 2.46 EPS for the current fiscal year.

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.