ATI (NYSE:ATI) Stock Price Up 3%

ATI Inc. (NYSE:ATI)’s share price rose 3% during trading on Thursday . The stock traded as high as $51.75 and last traded at $51.59. Approximately 98,453 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,314,877 shares. The stock had previously closed at $50.07.

Analyst Upgrades and Downgrades

ATI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of ATI in a research report on Thursday. They issued a “buy” rating and a $70.00 price objective on the stock. KeyCorp upped their target price on shares of ATI from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, TheStreet upgraded shares of ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ATI presently has an average rating of “Moderate Buy” and an average target price of $55.67.

ATI Stock Performance

The stock’s 50 day moving average price is $47.97 and its 200 day moving average price is $43.94. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 20.57 and a beta of 1.22.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ATI had a net margin of 8.81% and a return on equity of 24.64%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts expect that ATI Inc. will post 2.27 EPS for the current fiscal year.

Insider Activity

In other news, VP Timothy J. Harris sold 6,325 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the transaction, the vice president now owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC purchased a new position in ATI in the fourth quarter valued at approximately $1,100,000. Victory Capital Management Inc. raised its holdings in ATI by 67.3% in the third quarter. Victory Capital Management Inc. now owns 973,372 shares of the basic materials company’s stock valued at $40,054,000 after buying an additional 391,554 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in ATI by 34.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,581,625 shares of the basic materials company’s stock valued at $65,084,000 after buying an additional 404,797 shares during the period. Assenagon Asset Management S.A. raised its holdings in ATI by 735.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,202 shares of the basic materials company’s stock valued at $16,151,000 after buying an additional 312,699 shares during the period. Finally, Sei Investments Co. raised its holdings in ATI by 47.4% in the third quarter. Sei Investments Co. now owns 394,049 shares of the basic materials company’s stock valued at $16,215,000 after buying an additional 126,626 shares during the period.

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.