Wellington Management Group LLP Has $14.44 Million Position in ATI Inc. (NYSE:ATI)

Wellington Management Group LLP lifted its stake in ATI Inc. (NYSE:ATI) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,487 shares of the basic materials company’s stock after purchasing an additional 19,669 shares during the period. Wellington Management Group LLP owned 0.25% of ATI worth $14,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Covestor Ltd grew its holdings in ATI by 73.1% during the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 441 shares during the period. GAMMA Investing LLC acquired a new stake in ATI during the 4th quarter worth $58,000. Edmond DE Rothschild Holding S.A. boosted its position in shares of ATI by 211.5% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,800 shares in the last quarter. Quest Partners LLC bought a new position in shares of ATI during the fourth quarter worth $174,000. Finally, TFO Wealth Partners LLC boosted its position in shares of ATI by 103,225.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,133 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 4,129 shares in the last quarter.

ATI Trading Up 2.0 %

ATI opened at $56.26 on Thursday. The stock has a market capitalization of $7.00 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.40 and a beta of 1.12. ATI Inc. has a 12 month low of $35.03 and a 12 month high of $62.44. The firm’s fifty day simple moving average is $57.36 and its 200 day simple moving average is $49.91. The company has a current ratio of 2.81, a quick ratio of 1.37 and a debt-to-equity ratio of 1.56.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. ATI had a net margin of 8.70% and a return on equity of 23.72%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts anticipate that ATI Inc. will post 2.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Barclays lifted their price target on shares of ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. BTIG Research assumed coverage on shares of ATI in a research report on Wednesday. They set a “buy” rating and a $70.00 price target on the stock. Northcoast Research cut shares of ATI from a “neutral” rating to a “sell” rating in a research report on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of ATI in a research report on Thursday, April 11th. They set a “buy” rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.83.

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.