Advisory Research Inc. Buys 28,707 Shares of ATI Inc. (NYSE:ATI)

Advisory Research Inc. increased its stake in ATI Inc. (NYSE:ATI – Get Rating) by 158.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,868 shares of the basic materials company’s stock after buying an additional 28,707 shares during the period. Advisory Research Inc.’s holdings in ATI were worth $1,247,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in ATI by 3.8% in the third quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock worth $381,970,000 after buying an additional 527,117 shares in the last quarter. State Street Corp raised its stake in ATI by 14.8% in the first quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock worth $266,817,000 after buying an additional 1,279,827 shares in the last quarter. Alliancebernstein L.P. raised its stake in ATI by 1.1% in the third quarter. Alliancebernstein L.P. now owns 7,409,123 shares of the basic materials company’s stock worth $197,157,000 after buying an additional 78,421 shares in the last quarter. Driehaus Capital Management LLC raised its stake in ATI by 24.6% in the second quarter. Driehaus Capital Management LLC now owns 2,377,194 shares of the basic materials company’s stock worth $53,986,000 after buying an additional 469,487 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in ATI by 39.3% in the third quarter. Frontier Capital Management Co. LLC now owns 1,482,962 shares of the basic materials company’s stock worth $39,462,000 after buying an additional 418,467 shares in the last quarter.

Insider Activity

In related news, insider Elliot S. Davis sold 9,627 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $39.07, for a total value of $376,126.89. Following the sale, the insider now owns 151,642 shares in the company, valued at $5,924,652.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.82% of the company’s stock.

ATI Trading Up 2.0 %

NYSE:ATI opened at $39.08 on Wednesday. The company’s 50 day moving average price is $37.71 and its 200-day moving average price is $32.37. ATI Inc. has a 52 week low of $20.51 and a 52 week high of $43.32. The company has a quick ratio of 1.33, a current ratio of 2.57 and a debt-to-equity ratio of 1.47. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 44.92 and a beta of 1.21.

ATI (NYSE:ATI – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The basic materials company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. ATI had a net margin of 3.41% and a return on equity of 30.40%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, equities research analysts forecast that ATI Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATI has been the subject of a number of analyst reports. KeyCorp raised their target price on shares of ATI from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, March 7th. Cowen raised their target price on shares of ATI from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. Seaport Res Ptn reaffirmed a “buy” rating on shares of ATI in a research note on Saturday, January 21st. Finally, Benchmark raised their target price on shares of ATI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

ATI Company Profile

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ATI, Inc engages in the manufacture of specialty materials and components. It operates through the High Performance Materials and Components (HPMC) and Advanced Alloys & Solutions (AA&S) segments. The HPMC segment consists of the production of materials, parts, and components for aerospace and defense, medical, and energy markets.