FourThought Financial Partners LLC Purchases New Position in ATI Inc. (NYSE:ATI)

FourThought Financial Partners LLC acquired a new position in shares of ATI Inc. (NYSE:ATI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,536 shares of the basic materials company’s stock, valued at approximately $800,000.

Other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in ATI by 3.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 172 shares during the last quarter. CIBC Asset Management Inc increased its stake in ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 192 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock valued at $643,000 after buying an additional 240 shares during the last quarter. KBC Group NV boosted its stake in shares of ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after buying an additional 385 shares during the period. Finally, Souders Financial Advisors boosted its stake in shares of ATI by 6.1% during the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock worth $477,000 after buying an additional 411 shares during the period.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now directly owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,498 shares of company stock worth $2,288,141. Company insiders own 1.05% of the company’s stock.

ATI Trading Down 1.5 %

NYSE:ATI opened at $56.27 on Wednesday. ATI Inc. has a 1 year low of $45.91 and a 1 year high of $68.92. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The stock has a fifty day moving average price of $57.93 and a two-hundred day moving average price of $59.97. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.85 and a beta of 1.10.

ATI (NYSE:ATI) last announced its quarterly 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. As a group, sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.