Wedge Capital Management L L P NC reduced its stake in shares of ATI Inc. (NYSE:ATI – Get Rating) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 251,367 shares of the basic materials company’s stock after selling 2,764 shares during the period. Wedge Capital Management L L P NC owned approximately 0.20% of ATI worth $5,709,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Advisory LLC purchased a new stake in ATI during the fourth quarter worth about $32,000. FNY Investment Advisers LLC boosted its stake in shares of 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 acquiring an additional 1,460 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of ATI by 2,264.0% during the 1st quarter. National Bank of Canada FI now owns 2,364 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 2,264 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of ATI in the 1st quarter worth approximately $99,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in ATI in the 1st quarter valued at approximately $110,000.
Analyst Ratings Changes
Several analysts have weighed in on the company. KeyCorp upped their target price on ATI from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Wolfe Research upgraded shares of ATI from a “peer perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research report on Friday, August 5th. Finally, Benchmark increased their price target on shares of ATI to $37.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, ATI has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.
ATI Stock Performance
Shares of NYSE ATI opened at $30.29 on Wednesday. The company has a 50-day simple moving average of $28.67 and a 200-day simple moving average of $26.96. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.89 and a quick ratio of 1.30. The company has a market cap of $3.93 billion, a PE ratio of 757.44 and a beta of 1.23. ATI Inc. has a 12 month low of $13.85 and a 12 month high of $33.31.
ATI (NYSE:ATI – Get Rating) last announced its earnings results on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.17. The firm had revenue of $959.50 million for the quarter, compared to analyst estimates of $837.33 million. ATI had a net margin of 0.36% and a return on equity of 21.63%. ATI’s revenue was up 55.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) earnings per share. On average, equities analysts anticipate that ATI Inc. will post 2.02 earnings per share for the current year.
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.
- Get a free copy of the StockNews.com research report on ATI (ATI)
- 3 Airline Stocks Stuck in a Holding Pattern
- Roku Stock is Down but Not Out
- Is Ford Rolling To A Rebound After Its Q3 Warning
- If You’re Hungry for Value, Take a Bite on Ruth’s Hospitality Grp
- Has AMD stock stock fallen too far?
Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.