Swiss National Bank Acquires 1,700 Shares of ATI Inc. (NYSE:ATI)

Swiss National Bank lifted its holdings in ATI Inc. (NYSE:ATI) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 244,800 shares of the basic materials company’s stock after acquiring an additional 1,700 shares during the quarter. Swiss National Bank owned 0.17% of ATI worth $13,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ATI. ORG Wealth Partners LLC purchased a new position in ATI in the 4th quarter worth $25,000. Quarry LP increased its holdings in shares of ATI by 86.4% in 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 period. Mainstream Capital Management LLC bought a new stake in shares of ATI in the 4th quarter valued at about $94,000. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 1,690 shares during the period.

Insider Buying and Selling

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s 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 approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

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

ATI Trading Up 3.2 %

Shares of ATI opened at $52.30 on Thursday. ATI Inc. has a 1-year low of $47.58 and a 1-year high of $68.92. 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 firm’s 50-day moving average price is $57.57 and its 200-day moving average price is $58.85. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.85 and a beta of 1.14.

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