Yousif Capital Management LLC Sells 5,166 Shares of ATI Inc. (NYSE:ATI)

Yousif Capital Management LLC lessened its stake in ATI Inc. (NYSE:ATI) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,814 shares of the basic materials company’s stock after selling 5,166 shares during the period. Yousif Capital Management LLC’s holdings in ATI were worth $2,540,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of ATI by 418.1% during the first quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 1,062 shares during the last quarter. UMB Bank n.a. raised its holdings in ATI by 86.2% during the 1st quarter. UMB Bank n.a. now owns 1,579 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 731 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in ATI during the 4th quarter valued at about $94,000. EverSource Wealth Advisors LLC boosted its stake in shares of ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 288 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in shares of ATI during the 4th quarter worth approximately $108,000.

ATI Price Performance

ATI opened at $84.95 on Friday. The stock has a market cap of $11.98 billion, a P/E ratio of 33.31, a P/E/G ratio of 0.85 and a beta of 1.14. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $85.67. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $66.58 and a 200 day simple moving average of $59.78.

ATI (NYSE:ATI) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and issued a $81.00 price objective on shares of ATI in a research note on Monday, April 21st. KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, May 20th. BTIG Research set a $105.00 price objective on ATI and gave the company a “buy” rating in a report on Wednesday, May 28th. Finally, Citigroup raised ATI to a “positive” rating in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $81.64, for a total value of $4,082,000.00. Following the completion of the transaction, the chairman now directly owns 406,538 shares of the company’s stock, valued at approximately $33,189,762.32. This represents a 10.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 145,359 shares of company stock valued at $10,906,986. 1.10% of the stock is owned by corporate insiders.

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.