Teacher Retirement System of Texas Purchases New Holdings in ATI Inc. (NYSE:ATI)

Teacher Retirement System of Texas acquired a new stake in ATI Inc. (NYSE:ATI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,890 shares of the basic materials company’s stock, valued at approximately $1,243,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Financial Group increased its stake in shares of ATI by 5.3% during the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 200 shares during the period. Pier 88 Investment Partners LLC increased its stake in ATI by 3.0% during the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company’s stock worth $419,000 after acquiring an additional 220 shares during the period. EverSource Wealth Advisors LLC increased its stake in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 288 shares during the period. Golden State Wealth Management LLC increased its stake in ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 304 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in ATI by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 54,250 shares of the basic materials company’s stock worth $2,986,000 after acquiring an additional 340 shares during the period.

Analyst Ratings Changes

A number of equities analysts have commented on ATI shares. BTIG Research set a $105.00 price objective on ATI and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a “hold” rating in a research note on Tuesday. Citigroup raised ATI to a “positive” rating in a report on Tuesday, May 20th. Benchmark reaffirmed a “buy” rating and issued a $81.00 target price on shares of ATI in a report on Monday, April 21st. Finally, KeyCorp downgraded ATI from an “overweight” rating to a “sector weight” rating in a report on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and a consensus target price of $82.71.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $83.93, for a total value of $4,196,500.00. Following the sale, the chairman directly owned 356,538 shares of the company’s stock, valued at $29,924,234.34. The trade was a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 195,359 shares of company stock valued at $15,103,486. Insiders own 1.10% of the company’s stock.

ATI Price Performance

NYSE:ATI opened at $89.28 on Friday. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of 1.19 and a beta of 1.13. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $89.48. The stock has a fifty day moving average of $80.75 and a 200 day moving average of $63.73. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.30 and a current ratio of 2.53.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. ATI had a return on equity of 21.37% and a net margin of 8.93%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI Company 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.