ATI Inc. (NYSE:ATI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of ATI Inc. (NYSE:ATIFree Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,132 shares of the basic materials company’s stock after selling 6,023 shares during the quarter. California State Teachers Retirement System owned about 0.11% of ATI worth $6,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Evergreen Capital Management LLC lifted its holdings in shares of ATI by 4.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 6,582 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 258 shares in the last quarter. Covestor Ltd lifted its holdings in ATI by 73.1% in the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after buying an additional 441 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in ATI by 295.9% in the 3rd quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock worth $28,000 after buying an additional 500 shares in the last quarter. Raymond James & Associates lifted its holdings in ATI by 2.0% in the 4th quarter. Raymond James & Associates now owns 27,585 shares of the basic materials company’s stock worth $1,254,000 after buying an additional 529 shares in the last quarter. Finally, Mariner LLC lifted its holdings in ATI by 3.4% in the 3rd quarter. Mariner LLC now owns 16,646 shares of the basic materials company’s stock worth $685,000 after buying an additional 541 shares in the last quarter.

ATI Stock Performance

Shares of ATI stock opened at $57.94 on Tuesday. The firm has a market cap of $7.21 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The firm’s 50-day simple moving average is $56.18 and its 200-day simple moving average is $48.75. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.37 and a current ratio of 2.81. ATI Inc. has a 1 year low of $35.03 and a 1 year high of $62.44.

ATI (NYSE:ATIGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. ATI had a net margin of 8.70% and a return on equity of 23.72%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. Equities analysts forecast that ATI Inc. will post 2.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of ATI in a report on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective on the stock. KeyCorp boosted their price objective on shares of ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, Barclays boosted their price objective on shares of ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, ATI presently has a consensus rating of “Moderate Buy” and an average price target of $62.60.

View Our Latest Stock Report on ATI

ATI Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATIFree Report).

Institutional Ownership by Quarter for ATI (NYSE:ATI)

Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.