Insider Selling: ATI Inc. (NYSE:ATI) SVP Sells 9,900 Shares of Stock

ATI Inc. (NYSE:ATI) SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was 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 owns 25,994 shares of the company’s stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tina Killough Busch also recently made the following trade(s):

• On Wednesday, December 4th, Tina Killough Busch sold 2,598 shares of ATI stock. The stock was sold at an average price of $60.02, for a total value of $155,931.96.

ATI Stock Performance

Shares of ATI stock traded down $0.78 during mid-day trading on Friday, hitting $62.73. 1,654,742 shares of the stock were exchanged, compared to its average volume of 1,546,224. The stock’s fifty day simple moving average is $57.21 and its two-hundred day simple moving average is $60.22. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.52 and a beta of 1.10. ATI Inc. has a 12-month low of $39.71 and a 12-month high of $68.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, analysts forecast that ATI Inc. will post 2.28 EPS for the current year.

Hedge Funds Weigh In On ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in ATI. ORG Wealth Partners LLC purchased a new position in shares of ATI during the fourth quarter worth about $25,000. Quarry LP grew its holdings in shares of ATI by 86.4% during the third 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. UMB Bank n.a. grew its holdings in shares of ATI by 557.0% during the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock worth $62,000 after buying an additional 791 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of ATI during the fourth quarter worth about $94,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after buying an additional 1,690 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATI shares. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Thursday. KeyCorp cut ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Susquehanna upped their price target on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.14.

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.