Nisa Investment Advisors LLC Sells 530 Shares of ATI Inc. (NYSE:ATI)

Nisa Investment Advisors LLC decreased its position in ATI Inc. (NYSE:ATIGet Rating) by 7.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,075 shares of the basic materials company’s stock after selling 530 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ATI were worth $190,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hanseatic Management Services Inc. bought a new stake in shares of ATI in the 1st quarter worth about $112,000. Comerica Bank lifted its position in ATI by 12.5% during the 1st quarter. Comerica Bank now owns 218,942 shares of the basic materials company’s stock worth $6,559,000 after buying an additional 24,289 shares in the last quarter. Advisor Partners LLC acquired a new position in ATI during the 1st quarter worth about $211,000. Sciencast Management LP acquired a new position in ATI during the 1st quarter worth about $1,079,000. Finally, FNY Investment Advisers LLC lifted its position in ATI by 1,460.0% during the 1st quarter. FNY Investment Advisers LLC now owns 1,560 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,460 shares in the last quarter.

Insider Buying and Selling

In related news, Director James C. Diggs sold 12,500 shares of the stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now directly owns 46,060 shares of the company’s stock, valued at approximately $1,105,440. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.82% of the stock is owned by company insiders.

ATI Stock Performance

ATI stock opened at $24.10 on Thursday. The company has a market cap of $2.99 billion, a PE ratio of -602.50 and a beta of 1.33. The company’s 50-day moving average is $24.23 and its two-hundred day moving average is $24.78. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 2.15. ATI Inc. has a 1 year low of $13.85 and a 1 year high of $30.74.

ATI (NYSE:ATIGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.18. The business had revenue of $834.10 million for the quarter, compared to the consensus estimate of $748.04 million. ATI had a net margin of 0.02% and a return on equity of 11.17%. ATI’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. Equities analysts anticipate that ATI Inc. will post 1.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ATI shares. KeyCorp reduced their price target on shares of ATI from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. StockNews.com started coverage on shares of ATI in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and a consensus price target of $26.71.

About ATI

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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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