2 weeks Ago By ABMN Staff
Townsquare Capital LLC boosted its position in ATI Inc. ( NYSE:ATI – Free Report ) by 43.1% during the fourth quarter, Holdings Channel.
com reports. The fund owned 6,117 shares of the basic materials company’s stock after purchasing an additional 1,842 shares during the quarter. Townsquare Capital LLC’s holdings in ATI were worth $337,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its holdings in shares of ATI by 0.6% in the 4th quarter.
Treasurer of the State of North Carolina now owns 54,250 shares of the basic materials company’s stock worth $2,986,000 after purchasing an additional 340 shares during the period. CenterBook Partners LP purchased a new position in ATI in the fourth quarter valued at approximately $224,000. Jones Road Capital Management L.
P. lifted its position in ATI by 19.2% during the fourth quarter.
Jones Road Capital Management L.P. now owns 155,345 shares of the basic materials company’s stock valued at $8,550,000 after buying an additional 25,000 shares in the last quarter.
Advisory Services Network LLC grew its stake in ATI by 2.3% during the fourth quarter. Advisory Services Network LLC now owns 23,559 shares of the basic materials company’s stock worth $1,297,000 after buying an additional 533 shares during the period.
Finally, Renaissance Technologies LLC increased its position in shares of ATI by 102.1% in the fourth quarter. Renaissance Technologies LLC now owns 178,192 shares of the basic materials company’s stock worth $9,808,000 after acquiring an additional 90,000 shares in the last quarter.
ATI Trading Down 2.5 % Shares of NYSE ATI opened at $44.36 on Tuesday.
The stock has a market capitalization of $6.26 billion, a P/E ratio of 17.40, a PEG ratio of 0.
85 and a beta of 0.80. The stock’s 50 day moving average price is $52.
39 and its two-hundred day moving average price is $56.33. 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 $39.23 and a 52-week high of $68.
92. Insider Buying and Selling In related news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction on 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 directly owns 25,994 shares in the company, valued at $1,726,261.
54. This represents a 27.58 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 1.10% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth ATI has been the topic of several recent research reports. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.
Benchmark restated a “buy” rating and set a $81.00 price objective on shares of ATI in a research note on Monday. Barclays increased their target price on ATI from $70.
00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Susquehanna boosted their price target on ATI from $70.
00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock.
Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $75.00. Read Our Latest Report on ATI ATI Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ATI Inc. ( NYSE:ATI – Free Report ). Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.
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