Maryland State Retirement & Pension System Sells 396 Shares of ATI Inc. (NYSE:ATI)

Maryland State Retirement & Pension System reduced its holdings in shares of ATI Inc. (NYSE:ATIFree Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,971 shares of the basic materials company’s stock after selling 396 shares during the quarter. Maryland State Retirement & Pension System’s holdings in ATI were worth $2,340,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ATI. PNC Financial Services Group Inc. raised its position in shares of ATI by 0.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 84,050 shares of the basic materials company’s stock worth $3,822,000 after acquiring an additional 216 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of ATI by 4.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,849 shares of the basic materials company’s stock worth $299,000 after buying an additional 239 shares in the last quarter. Evergreen Capital Management LLC grew its position 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 worth $271,000 after buying an additional 258 shares during the period. Raymond James & Associates boosted its position in shares of ATI by 2.0% during the 4th quarter. Raymond James & Associates now owns 27,585 shares of the basic materials company’s stock worth $1,254,000 after purchasing an additional 529 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of 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 purchasing an additional 541 shares in the last quarter.

Analysts Set New Price Targets

ATI has been the topic of several research reports. BTIG Research assumed coverage on shares of ATI in a report on Wednesday, June 26th. They set a “buy” rating and a $70.00 price objective on the stock. KeyCorp raised their price target on shares of ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. 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 target on the stock. Northcoast Research cut shares of ATI from a “neutral” rating to a “sell” rating in a research report on Friday, June 14th. Finally, Barclays increased their price target 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 analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.83.

Read Our Latest Stock Report on ATI

ATI Stock Performance

ATI stock opened at $56.36 on Friday. ATI Inc. has a 1-year low of $35.03 and a 1-year high of $62.44. The firm has a market cap of $7.01 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.45 and a beta of 1.07. The company has a current ratio of 2.81, a quick ratio of 1.37 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average of $58.21 and a 200-day moving average of $50.55.

ATI (NYSE:ATIGet Free Report) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. Sell-side analysts expect that ATI Inc. will post 2.45 EPS for the current year.

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.

Further Reading

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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