ATI Inc. (NYSE:ATI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of ATI Inc. (NYSE:ATI – Get Rating) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,422 shares of the basic materials company’s stock after selling 3,045 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of ATI worth $2,312,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. United Services Automobile Association boosted its stake in shares of ATI by 4.1% during the third quarter. United Services Automobile Association now owns 14,168 shares of the basic materials company’s stock worth $378,000 after buying an additional 556 shares during the period. Nisa Investment Advisors LLC grew its stake in ATI by 12.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,532 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 732 shares during the period. Oliver Luxxe Assets LLC grew its stake in ATI by 4.1% in the 4th quarter. Oliver Luxxe Assets LLC now owns 19,141 shares of the basic materials company’s stock worth $572,000 after acquiring an additional 761 shares during the period. Oregon Public Employees Retirement Fund grew its stake in ATI by 2.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 41,594 shares of the basic materials company’s stock worth $1,107,000 after acquiring an additional 878 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in ATI by 4.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 20,568 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 935 shares during the period.

Analysts Set New Price Targets

ATI has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of ATI from $45.00 to $50.00 in a research note on Monday, May 8th. KeyCorp lifted their price target on shares of ATI from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, March 7th. Barclays lifted their price target on shares of ATI from $33.00 to $42.00 in a report on Tuesday, May 9th. Cowen lifted their target price on shares of ATI from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 6th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of ATI in a research note on Saturday, January 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

ATI Stock Up 0.2 %

ATI stock opened at $36.61 on Friday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 32.69 and a beta of 1.19. The company has a 50 day moving average of $37.82 and a two-hundred day moving average of $35.24. The company has a quick ratio of 1.24, a current ratio of 2.81 and a debt-to-equity ratio of 1.40. ATI Inc. has a 12-month low of $20.51 and a 12-month high of $43.32.

ATI (NYSE:ATI – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. ATI had a net margin of 4.21% and a return on equity of 28.75%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. On average, equities analysts anticipate that ATI Inc. will post 2.24 earnings per share for the current fiscal year.

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.