Inspire Investing LLC Buys 1,070 Shares of ATI Inc. (NYSE:ATI)

Inspire Investing LLC increased its stake in shares of ATI Inc. (NYSE:ATI) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,265 shares of the basic materials company’s stock after acquiring an additional 1,070 shares during the quarter. Inspire Investing LLC’s holdings in ATI were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mountaineer Partners Management LLC increased its holdings in 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 valued at $629,683,000 after purchasing an additional 9,201,818 shares during the period. Senator Investment Group LP grew its position in shares of ATI by 167.6% in the 2nd quarter. Senator Investment Group LP now owns 891,138 shares of the basic materials company’s stock worth $49,414,000 after buying an additional 558,138 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of ATI during the third quarter valued at approximately $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of ATI by 177.7% during 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 acquiring an additional 289,229 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in ATI in the third quarter worth $18,928,000.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares in the company, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The sale 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 business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the completion of the transaction, the chairman now owns 436,443 shares of the company’s stock, valued at $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. 0.71% of the stock is owned by company insiders.

ATI Stock Performance

ATI stock opened at $56.19 on Tuesday. The stock’s 50 day moving average is $57.02 and its 200 day moving average is $60.18. The company has a market capitalization of $8.02 billion, a P/E ratio of 21.61, a PEG ratio of 1.53 and a beta of 1.12. ATI Inc. has a twelve month low of $38.04 and a twelve month high of $68.92. The company has a quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.12 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. ATI’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities research analysts predict that ATI Inc. will post 2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ATI shares. Susquehanna reduced their price objective on shares of ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on ATI from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and a consensus price target of $73.71.

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.