ATI Inc. (NYSE:ATI) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. raised its position in ATI Inc. (NYSE:ATI) by 59.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,530 shares of the basic materials company’s stock after buying an additional 16,902 shares during the period. EFG Asset Management North America Corp.’s holdings in ATI were worth $2,507,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of ATI during the 4th quarter valued at approximately $25,000. Quarry LP lifted its stake in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after buying an additional 412 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in ATI in the 4th quarter worth about $94,000. EverSource Wealth Advisors LLC increased its stake 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 worth $95,000 after buying an additional 288 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $132,000 after acquiring an additional 1,690 shares during the last quarter.

ATI Price Performance

ATI stock opened at $54.21 on Wednesday. ATI Inc. has a 52-week low of $47.90 and a 52-week high of $68.92. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The business has a fifty day moving average of $57.38 and a two-hundred day moving average of $58.63.

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 analysts’ consensus estimates of $0.60 by $0.19. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. As a group, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATI. Barclays increased their target price 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. Benchmark lifted their price objective on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Susquehanna lifted their price target on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.00.

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.