ATI Inc. (NYSE:ATI) SVP Tina Killough Busch Sells 9,900 Shares of Stock

ATI Inc. (NYSE:ATI) 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 sale, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tina Killough Busch also recently made the following trade(s):

• On Wednesday, December 4th, Tina Killough Busch sold 2,598 shares of ATI stock. The shares were sold at an average price of $60.02, for a total value of $155,931.96.

ATI Price Performance

Shares of ATI stock opened at $62.73 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.44. The company has a market capitalization of $8.95 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The firm’s 50-day moving average is $57.26 and its two-hundred day moving average is $60.25. ATI Inc. has a 12 month low of $39.71 and a 12 month high of $68.92.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. Analysts predict that ATI Inc. will post 2.87 earnings per share for the current year.

Institutional Trading of ATI

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in ATI by 3.3% during the third quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock worth $360,000 after buying an additional 172 shares during the period. CIBC Asset Management Inc raised its holdings in shares of ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 192 shares in the last quarter. Hantz Financial Services Inc. raised its stake in ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock valued at $643,000 after buying an additional 240 shares in the last quarter. Arizona State Retirement System lifted its stake in ATI by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company’s stock worth $1,988,000 after purchasing an additional 289 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of ATI by 12.9% during the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after buying an additional 385 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ATI. Susquehanna raised their price objective on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.14.

About ATI

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.