Victory Capital Management Inc. boosted its stake in ATI Inc. (NYSE:ATI – Get Rating) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 617,959 shares of the basic materials company’s stock after buying an additional 5,537 shares during the period. Victory Capital Management Inc. owned 0.48% of ATI worth $18,798,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ATI. HighTower Advisors LLC bought a new position in ATI in the 1st quarter valued at about $263,000. Natixis Advisors L.P. bought a new position in shares of ATI during the 1st quarter valued at about $570,000. MetLife Investment Management LLC boosted its position in shares of ATI by 70.4% during the 1st quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company’s stock valued at $1,844,000 after purchasing an additional 28,376 shares in the last quarter. Rhumbline Advisers boosted its position in shares of ATI by 4.4% during the 1st quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company’s stock valued at $9,340,000 after purchasing an additional 14,825 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of ATI by 1.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company’s stock valued at $3,056,000 after purchasing an additional 1,480 shares in the last quarter.
ATI Trading Up 2.2 %
Shares of ATI stock opened at $37.42 on Tuesday. ATI Inc. has a 12 month low of $20.51 and a 12 month high of $43.32. The company has a quick ratio of 1.24, a current ratio of 2.81 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $37.80 and its two-hundred day moving average is $35.37. The company has a market cap of $4.81 billion, a PE ratio of 33.41 and a beta of 1.19.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of ATI from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Cowen raised their price objective on shares of ATI from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 6th. Barclays raised their price objective on shares of ATI from $33.00 to $42.00 in a research report on Tuesday, May 9th. KeyCorp raised their target price on shares of ATI from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, March 7th. Finally, StockNews.com initiated coverage on shares of ATI in a report on Thursday, May 18th. They issued a “hold” rating for the company. 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 stock currently has an average rating of “Moderate Buy” and an average price target of $44.00.
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.
- Get a free copy of the StockNews.com research report on ATI (ATI)
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