NEOS Investment Management LLC Grows Holdings in ATI Inc. (NYSE:ATI)

NEOS Investment Management LLC grew its stake in shares of ATI Inc. (NYSE:ATI) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,616 shares of the basic materials company’s stock after buying an additional 14,454 shares during the quarter. NEOS Investment Management LLC owned 0.05% of ATI worth $4,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 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 acquiring an additional 192 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of ATI by 2.1% during the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock valued at $643,000 after purchasing an additional 240 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after buying an additional 288 shares in the last quarter. Arizona State Retirement System lifted its position in ATI by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company’s stock worth $1,988,000 after buying an additional 289 shares during the last quarter. Finally, Quarry LP lifted its position in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after buying an additional 412 shares during the last quarter.

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is currently owned by insiders.

ATI Stock Performance

Shares of NYSE:ATI opened at $52.75 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $57.22 and a 200-day moving average price of $58.56. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. ATI Inc. has a 12 month low of $47.90 and a 12 month high of $68.92.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 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 analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. ATI’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. As a group, equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Analyst Ratings Changes

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

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.