JPMorgan Chase & Co. Has $13.13 Million Stake in ATI Inc. (NYSE:ATI)

JPMorgan Chase & Co. lessened its holdings in shares of ATI Inc. (NYSE:ATI) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 238,461 shares of the basic materials company’s stock after selling 44,799 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of ATI worth $13,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. lifted its stake in shares of ATI by 59.0% in the 4th quarter. EFG Asset Management North America Corp. now owns 45,530 shares of the basic materials company’s stock valued at $2,507,000 after purchasing an additional 16,902 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of ATI by 25.1% during the 4th quarter. EntryPoint Capital LLC now owns 7,049 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 1,416 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of ATI by 26.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 170,396 shares of the basic materials company’s stock valued at $9,379,000 after acquiring an additional 36,005 shares in the last quarter. Prudential Financial Inc. lifted its holdings in ATI by 8.5% in the 4th quarter. Prudential Financial Inc. now owns 142,652 shares of the basic materials company’s stock worth $8,013,000 after purchasing an additional 11,135 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in ATI by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock worth $844,061,000 after purchasing an additional 2,020,313 shares during the period.

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. This represents a 27.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ATI shares. Barclays lifted their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Susquehanna boosted their price target on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Finally, Benchmark raised their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, ATI presently has an average rating of “Moderate Buy” and an average target price of $75.00.

ATI Stock Up 0.8 %

ATI opened at $46.75 on Monday. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The firm’s 50-day simple moving average is $54.42 and its 200-day simple moving average is $57.15. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $68.92.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI 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.