Strs Ohio Has $659,000 Stake in ATI Inc. (NYSE:ATI)

Strs Ohio decreased its position in shares of ATI Inc. (NYSE:ATI) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,500 shares of the basic materials company’s stock after selling 1,700 shares during the quarter. Strs Ohio’s holdings in ATI were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ATI. Clearstead Advisors LLC boosted its holdings in shares of ATI by 295.9% during the 3rd quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Covestor Ltd boosted its holdings in shares of ATI by 73.1% during the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 441 shares in the last quarter. Accel Wealth Management acquired a new stake in shares of ATI during the 4th quarter valued at $202,000. Jump Financial LLC acquired a new position in ATI during the 3rd quarter worth about $204,000. Finally, Moody National Bank Trust Division acquired a new position in ATI during the 4th quarter worth about $217,000.

Insider Transactions at ATI

In other news, VP Timothy J. Harris sold 6,325 shares of ATI stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the completion of the transaction, the vice president now directly owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

ATI Stock Performance

ATI stock opened at $49.87 on Friday. The stock has a 50-day moving average price of $49.48 and a 200-day moving average price of $44.53. ATI Inc. has a 1-year low of $34.10 and a 1-year high of $52.98. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45. The firm has a market cap of $6.21 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. ATI had a return on equity of 24.64% and a net margin of 8.81%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that ATI Inc. will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ATI shares. KeyCorp lifted their target price on ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday. TheStreet raised ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on ATI in a report on Thursday, April 11th. They set a “buy” rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, ATI has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

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.