TradeLink Capital LLC Acquires New Holdings in ATI Inc. (NYSE:ATI)

TradeLink Capital LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,071 shares of the basic materials company’s stock, valued at approximately $279,000. ATI makes up about 2.8% of TradeLink Capital LLC’s portfolio, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATI. Versor Investments LP raised its position in shares of ATI by 345.1% in the third quarter. Versor Investments LP now owns 18,943 shares of the basic materials company’s stock valued at $1,267,000 after purchasing an additional 14,687 shares during the period. Apollon Wealth Management LLC raised its position in shares of ATI by 7.5% in the third quarter. Apollon Wealth Management LLC now owns 6,514 shares of the basic materials company’s stock valued at $436,000 after purchasing an additional 457 shares during the period. GSA Capital Partners LLP raised its position in shares of ATI by 15.1% in the third quarter. GSA Capital Partners LLP now owns 7,763 shares of the basic materials company’s stock valued at $519,000 after purchasing an additional 1,021 shares during the period. Souders Financial Advisors raised its position in shares of ATI by 6.1% in the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock valued at $477,000 after purchasing an additional 411 shares during the period. Finally, KBC Group NV raised its position in shares of ATI by 12.9% in the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 385 shares during the period.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction on Thursday, February 6th. The shares were 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. The trade was 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. Corporate insiders own 0.71% of the company’s stock.

ATI Trading Down 3.3 %

Shares of ATI stock opened at $55.37 on Friday. ATI Inc. has a 1 year low of $47.58 and a 1 year high of $68.92. The firm’s fifty day simple moving average is $58.24 and its 200 day simple moving average is $59.63. The firm has a market capitalization of $7.87 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ATI shares. Benchmark lifted 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. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays lifted their price target on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Susquehanna boosted their target price on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. 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 has an average rating of “Moderate Buy” and a consensus 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.