Yousif Capital Management LLC Purchases 568 Shares of ATI Inc. (NYSE:ATI)

Yousif Capital Management LLC increased its position in ATI Inc. (NYSE:ATI) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 64,390 shares of the basic materials company’s stock after buying an additional 568 shares during the quarter. Yousif Capital Management LLC’s holdings in ATI were worth $2,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Palestra Capital Management LLC lifted its holdings in shares of ATI by 839.0% during the 3rd quarter. Palestra Capital Management LLC now owns 2,190,728 shares of the basic materials company’s stock worth $90,148,000 after acquiring an additional 1,957,416 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in ATI by 36.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,660,875 shares of the basic materials company’s stock worth $68,345,000 after purchasing an additional 446,027 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ATI by 34.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,581,625 shares of the basic materials company’s stock valued at $65,084,000 after purchasing an additional 404,797 shares during the period. Northern Trust Corp raised its holdings in shares of ATI by 4.5% in the 3rd quarter. Northern Trust Corp now owns 1,441,549 shares of the basic materials company’s stock worth $59,320,000 after buying an additional 61,582 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in ATI by 3.3% in the 4th quarter. Federated Hermes Inc. now owns 1,258,969 shares of the basic materials company’s stock valued at $57,245,000 after buying an additional 40,419 shares in the last quarter.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of analyst reports. TheStreet raised ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of ATI in a report on Thursday, April 11th. They set a “buy” rating and a $70.00 price target for the company. Finally, KeyCorp upped their price objective on shares of ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, ATI has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Insider Buying and Selling at ATI

In related news, VP Timothy J. Harris sold 6,325 shares of the firm’s 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 transaction, the vice president now owns 109,331 shares in the company, valued at $4,640,007.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.05% of the company’s stock.

ATI Stock Up 3.8 %

Shares of NYSE ATI opened at $51.75 on Monday. ATI Inc. has a 12-month low of $34.10 and a 12-month high of $52.98. The firm’s 50-day simple moving average is $49.61 and its 200 day simple moving average is $44.66. The company has a quick ratio of 1.53, a current ratio of 2.80 and a debt-to-equity ratio of 1.45. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.22.

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

About ATI

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.