EntryPoint Capital LLC Buys 1,416 Shares of ATI Inc. (NYSE:ATI)

EntryPoint Capital LLC boosted its stake in shares of ATI Inc. (NYSE:ATI) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,049 shares of the basic materials company’s stock after purchasing an additional 1,416 shares during the quarter. EntryPoint Capital LLC’s holdings in ATI were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC lifted its position in shares of ATI by 4,401.2% during the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after buying an additional 9,201,818 shares during the last quarter. Vanguard Group Inc. grew its holdings in ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock worth $844,061,000 after purchasing an additional 2,020,313 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ATI during the fourth quarter worth $44,155,000. Forest Avenue Capital Management LP acquired a new position in shares of ATI during the third quarter worth $28,700,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of ATI by 177.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock worth $30,242,000 after purchasing an additional 289,229 shares in the last quarter.

ATI Price Performance

Shares of NYSE ATI opened at $54.01 on Thursday. 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 firm has a market cap of $7.68 billion, a P/E ratio of 21.18, a P/E/G ratio of 0.85 and a beta of 1.14. The business’s 50 day moving average price is $57.32 and its 200 day moving average price is $58.60.

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

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value 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. This represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Benchmark upped their target price on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 10th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, ATI has a consensus 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.