Xponance Inc. Purchases 724 Shares of ATI Inc. (NYSE:ATI)

Xponance Inc. boosted its position in ATI Inc. (NYSE:ATI) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,406 shares of the basic materials company’s stock after acquiring an additional 724 shares during the quarter. Xponance Inc.’s holdings in ATI were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATI. ORG Wealth Partners LLC acquired a new stake in shares of ATI in the 4th quarter valued at $25,000. Quarry LP lifted its position in shares of ATI by 86.4% during the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after buying an additional 412 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in ATI in the fourth quarter valued at about $94,000. EverSource Wealth Advisors LLC boosted its stake in ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after buying an additional 288 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 1,690 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Barclays raised their target price on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Finally, Benchmark raised their price objective on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.00.

ATI Stock Performance

Shares of ATI stock opened at $52.75 on Friday. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 0.85 and a beta of 1.14. 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 twelve month low of $47.90 and a twelve month high of $68.92. The company’s fifty day moving average is $57.22 and its 200 day moving average is $58.56.

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

Insiders Place Their Bets

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

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.