Posted by admin on Aug 21st, 2022

Van ECK Associates Corp grew its holdings in ATI Inc. (NYSE:ATI – Get Rating) by 42.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,578 shares of the basic materials company’s stock after acquiring an additional 47,029 shares during the period. Van ECK Associates Corp owned 0.12% of ATI worth $4,229,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in ATI by 71.3% in the fourth quarter. Barclays PLC now owns 177,944 shares of the basic materials company’s stock worth $2,835,000 after acquiring an additional 74,078 shares during the period. Rafferty Asset Management LLC bought a new position in ATI in the fourth quarter worth approximately $161,000. Comerica Bank raised its position in ATI by 12.5% in the first quarter. Comerica Bank now owns 218,942 shares of the basic materials company’s stock worth $6,559,000 after acquiring an additional 24,289 shares during the period. Great Lakes Advisors LLC bought a new position in ATI in the fourth quarter worth approximately $181,000. Finally, Advisor Group Holdings Inc. raised its position in ATI by 488.3% in the first quarter. Advisor Group Holdings Inc. now owns 48,227 shares of the basic materials company’s stock worth $1,291,000 after acquiring an additional 40,029 shares during the period.

In other ATI news, Director James C. Diggs sold 12,500 shares of ATI stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $24.00, for a total value of $300,000.00. Following the sale, the director now directly owns 46,060 shares in the company, valued at approximately $1,105,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other ATI news, CAO Karl D. Schwartz sold 1,000 shares of ATI stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $31.22, for a total value of $31,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 63,833 shares of the company’s stock, valued at approximately $1,992,866.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Diggs sold 12,500 shares of ATI stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 46,060 shares of the company’s stock, valued at $1,105,440. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,500 shares of company stock worth $381,220. Insiders own 0.82% of the company’s stock.

ATI has been the topic of several recent research reports. Benchmark increased their price target on shares of ATI to $37.00 in a research report on Tuesday, August 9th. KeyCorp raised their price objective on shares of ATI from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Finally, Wolfe Research upgraded shares of ATI from a “peer perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

Shares of NYSE ATI opened at $32.56 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.30 and a current ratio of 2.89. The company has a market cap of $4.23 billion, a P/E ratio of 814.20 and a beta of 1.31. The firm’s fifty day moving average is $24.97 and its two-hundred day moving average is $25.95. ATI Inc. has a 52-week low of $13.85 and a 52-week high of $32.99.

ATI (NYSE:ATI – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.17. The company had revenue of $959.50 million for the quarter, compared to the consensus estimate of $837.33 million. ATI had a net margin of 0.36% and a return on equity of 21.63%. ATI’s revenue for the quarter was up 55.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, analysts anticipate that ATI Inc. will post 2.03 EPS for the current fiscal year.

ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.

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