2 weeks Ago By Defense World Staff
Point72 Hong Kong Ltd bought a new position in shares of ATI Inc. ( NYSE:ATI – Free Report ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,324 shares of the basic materials company’s stock, valued at approximately $739,000.
A number of other institutional investors have also made changes to their positions in ATI. Benjamin F. Edwards & Company Inc.
bought a new position in ATI during the first quarter worth $51,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ATI by 294.5% during the 1st quarter.
EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock worth $69,000 after buying an additional 1,010 shares during the period. Quest Partners LLC acquired a new position in ATI in the 2nd quarter valued at about $88,000. GAMMA Investing LLC raised its holdings in ATI by 46.
5% in the 1st quarter. GAMMA Investing LLC now owns 1,868 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 593 shares during the period. Finally, Edmond DE Rothschild Holding S.
A. raised its holdings in ATI by 211.5% in the 4th quarter.
Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 1,800 shares during the period.
Analysts Set New Price Targets Several equities analysts have recently commented on ATI shares. KeyCorp upped their target price on ATI from $66.00 to $67.
00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Susquehanna assumed coverage on ATI in a report on Thursday, September 5th. They issued a “positive” rating and a $75.
00 price objective on the stock. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of ATI in a report on Wednesday, August 7th.
Deutsche Bank Aktiengesellschaft upped their price target on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.
Finally, BTIG Research began coverage on shares of ATI in a research note on Wednesday, June 26th. They issued a “buy” rating and a $70.00 price objective for the company.
One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.00.
ATI Stock Down 0.2 % Shares of NYSE ATI opened at $65.32 on Friday.
The stock has a market capitalization of $8.13 billion, a P/E ratio of 26.23, a PEG ratio of 1.
58 and a beta of 1.04. The stock’s fifty day moving average is $63.
01 and its 200 day moving average is $57.97. ATI Inc.
has a 52 week low of $35.03 and a 52 week high of $68.92.
The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 2.
13. ATI ( NYSE:ATI – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.
60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02.
ATI had a net margin of 8.74% and a return on equity of 23.05%.
The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion.
During the same quarter in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 5.
2% on a year-over-year basis. Sell-side analysts forecast that ATI Inc. will post 2.
48 earnings per share for the current fiscal year. ATI declared that its Board of Directors has approved a stock buyback plan on Tuesday, September 3rd that authorizes the company to repurchase $700.00 million in shares.
This repurchase authorization authorizes the basic materials company to buy up to 9.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Insider Activity In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.
61, for a total transaction of $1,540,250.00. Following the completion of the transaction, the chairman now owns 511,443 shares of the company’s stock, valued at approximately $31,510,003.
23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Corporate insiders own 0.
71% of the company’s stock. 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. Featured Articles Five stocks we like better than ATI Top Stocks Investing in 5G Technology Rocket Lab Stock Soars: Should Investors Chase the Rally? 3 Best Fintech Stocks for a Portfolio Boost KB Home Slips After Earnings: What’s Next for Homebuilders? 3 Natural Gas Stocks That Offer Great Dividend Yields Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat 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.
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