Nisa Investment Advisors LLC Has $974,000 Stock Holdings in ATI Inc. (NYSE:ATI)

Nisa Investment Advisors LLC decreased its position in ATI Inc. (NYSE:ATI) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 21,422 shares of the basic materials company’s stock after selling 1,300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ATI were worth $974,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Palestra Capital Management LLC grew its stake in ATI by 839.0% during the third quarter. Palestra Capital Management LLC now owns 2,190,728 shares of the basic materials company’s stock worth $90,148,000 after buying an additional 1,957,416 shares during the last quarter. Norges Bank bought a new stake in ATI during the 4th quarter worth approximately $50,336,000. State Street Corp grew its position in ATI by 14.8% during the 1st quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock worth $266,817,000 after acquiring an additional 1,279,827 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in ATI during the 1st quarter valued at $49,299,000. Finally, Price T Rowe Associates Inc. MD raised its position in ATI by 1,302.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 712,994 shares of the basic materials company’s stock valued at $28,135,000 after purchasing an additional 662,166 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on ATI. KeyCorp increased their target price on ATI from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. TheStreet raised shares of ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of ATI in a research report on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.67.

ATI Stock Performance

ATI stock opened at $51.11 on Tuesday. The company has a market cap of $6.36 billion, a PE ratio of 20.36 and a beta of 1.22. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45. ATI Inc. has a 1 year low of $34.10 and a 1 year high of $52.98. The company’s 50-day moving average is $48.22 and its two-hundred day moving average is $44.04.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. ATI had a net margin of 8.81% and a return on equity of 24.64%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. ATI’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that ATI Inc. will post 2.28 earnings per share for the current year.

Insider Buying and Selling at ATI

In other news, VP Timothy J. Harris sold 6,325 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the transaction, the vice president now directly owns 109,331 shares in the company, valued at approximately $4,640,007.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company’s stock.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It 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, metallic powder alloys, 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.