ATI Inc. (NYSE:ATI) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC reduced its position in ATI Inc. (NYSE:ATI) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,995 shares of the basic materials company’s stock after selling 388 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ATI were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of ATI in the 4th quarter valued at about $25,000. Quarry LP lifted its stake in ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 412 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in ATI during the fourth quarter worth approximately $94,000. Smartleaf Asset Management LLC lifted its stake in ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,516 shares during the last quarter.

Analyst Ratings Changes

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

ATI Stock Up 3.2 %

Shares of NYSE:ATI opened at $52.30 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. ATI Inc. has a 52-week low of $47.58 and a 52-week high of $68.92. The stock’s fifty day simple moving average is $57.57 and its 200-day simple moving average is $58.85. The company has a market capitalization of $7.44 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.85 and a beta of 1.14.

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

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.

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.