HighTower Advisors LLC Has $1.51 Million Stake in ATI Inc. (NYSE:ATI)

HighTower Advisors LLC lessened its holdings in shares of ATI Inc. (NYSE:ATI) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,467 shares of the basic materials company’s stock after selling 2,015 shares during the period. HighTower Advisors LLC’s holdings in ATI were worth $1,512,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in ATI by 14.0% in the fourth 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 purchasing an additional 191,823 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of ATI in the 3rd quarter valued at $765,000. Franklin Resources Inc. increased its stake in shares of ATI by 16.2% in the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock valued at $27,993,000 after purchasing an additional 61,999 shares during the last quarter. Covea Finance grew its position in ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock valued at $3,578,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Forest Avenue Capital Management LP acquired a new position in ATI during the third quarter worth about $28,700,000.

ATI Trading Up 4.2 %

Shares of ATI stock opened at $54.25 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm has a market cap of $7.71 billion, a PE ratio of 21.27, a P/E/G ratio of 0.85 and a beta of 1.14. The stock has a fifty day moving average price of $57.42 and a 200-day moving average price of $58.66. ATI Inc. has a 1 year low of $47.90 and a 1 year high of $68.92.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.