Rhumbline Advisers Buys 16,975 Shares of ATI Inc. (NYSE:ATI)

Rhumbline Advisers increased its position in shares of ATI Inc. (NYSE:ATI) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,291 shares of the basic materials company’s stock after buying an additional 16,975 shares during the period. Rhumbline Advisers owned 0.21% of ATI worth $16,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC increased its stake in shares of ATI by 4,401.2% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock worth $629,683,000 after purchasing an additional 9,201,818 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in ATI during the third quarter worth approximately $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in ATI by 177.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock valued at $30,242,000 after buying an additional 289,229 shares during the period. Holocene Advisors LP acquired a new stake in shares of ATI in the third quarter valued at approximately $18,928,000. Finally, Artemis Investment Management LLP bought a new position in shares of ATI during the 4th quarter worth approximately $8,103,000.

Analyst Ratings Changes

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

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,498 shares of company stock valued at $2,288,141. Company insiders own 0.71% of the company’s stock.

ATI Trading Down 4.9 %

Shares of NYSE:ATI opened at $57.95 on Friday. The business’s 50 day simple moving average is $57.90 and its 200 day simple moving average is $60.04. ATI Inc. has a 1 year low of $45.61 and a 1 year high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company has a market capitalization of $8.27 billion, a P/E ratio of 22.73, a P/E/G ratio of 0.90 and a beta of 1.10.

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

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.