ATI Inc. (NYSE:ATI) Shares Sold by Souders Financial Advisors

Souders Financial Advisors decreased its stake in ATI Inc. (NYSE:ATI) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,544 shares of the basic materials company’s stock after selling 2,581 shares during the period. Souders Financial Advisors’ holdings in ATI were worth $250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mountaineer Partners Management LLC increased its holdings in ATI by 4,401.2% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after acquiring an additional 9,201,818 shares in the last quarter. Geode Capital Management LLC increased its holdings in ATI by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock valued at $130,709,000 after acquiring an additional 5,165 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ATI by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock valued at $86,031,000 after acquiring an additional 191,823 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in ATI by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 891,152 shares of the basic materials company’s stock valued at $49,049,000 after acquiring an additional 12,907 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in ATI by 17.8% during the 4th quarter. Principal Financial Group Inc. now owns 690,215 shares of the basic materials company’s stock valued at $37,989,000 after acquiring an additional 104,267 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATI. Susquehanna raised their target price on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Benchmark lifted their price target on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Barclays lifted their price target on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.00.

ATI Price Performance

ATI stock opened at $57.85 on Thursday. ATI Inc. has a 1 year low of $47.58 and a 1 year high of $68.92. The firm has a 50 day moving average price of $58.17 and a 200 day moving average price of $59.75. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 0.85 and a beta of 1.14. 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 released 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. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. ATI’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction 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. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.71% of the stock is owned by insiders.

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.