ATI Inc. (NYSE:ATI) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of ATI Inc. (NYSE:ATI) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,261 shares of the basic materials company’s stock after purchasing an additional 265 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ATI were worth $898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its holdings in ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock valued at $31,000 after buying an additional 304 shares during the period. Bessemer Group Inc. raised its holdings in ATI by 139.9% in the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock valued at $34,000 after buying an additional 386 shares during the period. Olde Wealth Management LLC purchased a new stake in ATI in the 1st quarter valued at about $36,000. Fifth Third Bancorp increased its stake in ATI by 115.7% during the first quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 603 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 1,062 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ATI shares. Susquehanna boosted their price target on shares of ATI from $73.00 to $105.00 and gave the stock a “positive” rating in a research note on Monday. KeyCorp lowered shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, May 20th. BTIG Research set a $105.00 target price on shares of ATI and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the stock a “hold” rating in a research note on Tuesday, July 8th. Finally, Citigroup upgraded shares of ATI to a “positive” rating in a research note on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and an average target price of $87.29.

ATI Stock Down 0.7%

Shares of NYSE:ATI opened at $89.98 on Wednesday. The stock’s 50-day moving average price is $81.64 and its two-hundred day moving average price is $64.21. The company has a current ratio of 2.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $91.74. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.21 and a beta of 1.13.

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

Insider Buying and Selling at ATI

In related 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 transaction of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares in the company, valued at $29,924,234.34. The trade was a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 195,359 shares of company stock valued at $15,103,486. 1.10% of the stock is currently owned by insiders.

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.