Evergreen Capital Management LLC Has $447,000 Stake in ATI Inc. (NYSE:ATI)

Evergreen Capital Management LLC grew its stake in shares of ATI Inc. (NYSE:ATI) by 19.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,064 shares of the basic materials company’s stock after buying an additional 1,306 shares during the period. Evergreen Capital Management LLC’s holdings in ATI were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ATI. Benjamin F. Edwards & Company Inc. bought a new stake in shares of ATI in the 1st quarter valued at $51,000. EverSource Wealth Advisors LLC grew its stake in ATI by 294.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 1,010 shares during the period. Quest Partners LLC bought a new stake in shares of ATI in the second quarter worth about $88,000. GAMMA Investing LLC raised its position in shares of ATI by 46.5% during the first quarter. GAMMA Investing LLC now owns 1,868 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 593 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of ATI by 211.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,800 shares in the last quarter.

ATI Trading Down 0.2 %

ATI stock opened at $65.32 on Friday. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.58 and a beta of 1.04. The firm has a 50-day moving average of $63.01 and a 200-day moving average of $57.97. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.13 and a quick ratio of 1.07. ATI Inc. has a one year low of $35.03 and a one year high of $68.92.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. ATI had a return on equity of 23.05% and a net margin of 8.74%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. On average, equities analysts expect that ATI Inc. will post 2.48 earnings per share for the current fiscal year.

ATI announced that its board has initiated a share buyback plan on Tuesday, September 3rd that allows the company to repurchase $700.00 million in shares. This repurchase authorization allows the basic materials company to repurchase up to 9.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.61, for a total transaction of $1,540,250.00. Following the sale, the chairman now directly owns 511,443 shares of the company’s stock, valued at $31,510,003.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ATI shares. Susquehanna started coverage on ATI in a research note on Thursday, September 5th. They set a “positive” rating and a $75.00 target price for the company. Northcoast Research lowered shares of ATI from a “neutral” rating to a “sell” rating in a report on Friday, June 14th. KeyCorp upped their target price on shares of ATI from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased their target price on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on ATI from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, ATI has a consensus rating of “Moderate Buy” and an average price target of $74.00.

ATI 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.