O Shaughnessy Asset Management LLC Sells 2,744 Shares of ATI Inc. (NYSE:ATI)

O Shaughnessy Asset Management LLC trimmed its holdings in shares of ATI Inc. (NYSE:ATI) by 29.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,487 shares of the basic materials company’s stock after selling 2,744 shares during the period. O Shaughnessy Asset Management LLC’s holdings in ATI were worth $357,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ATI. ORG Wealth Partners LLC bought a new position in shares of ATI in the fourth quarter valued at about $25,000. Mainstream Capital Management LLC bought a new position in shares of ATI in the fourth quarter worth about $94,000. EverSource Wealth Advisors LLC lifted its position in shares of ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 288 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 1,516 shares in the last quarter.

Wall Street Analyst Weigh In

ATI has been the topic of several research reports. Susquehanna increased their price objective on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Barclays raised their price target on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Benchmark boosted their price objective on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. 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. According to MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the 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 transaction, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.05% of the stock is currently owned by company insiders.

ATI Stock Performance

Shares of NYSE:ATI opened at $46.75 on Friday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.85 and a beta of 0.80. The firm’s 50 day simple moving average is $54.42 and its 200 day simple moving average is $57.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $68.92.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. As a group, sell-side analysts forecast that ATI Inc. will post 2.89 earnings per share for the current 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.