WINTON GROUP Ltd Has $2.80 Million Stock Holdings in ATI Inc. (NYSE:ATI)

WINTON GROUP Ltd lowered its stake in ATI Inc. (NYSE:ATI) by 56.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,916 shares of the basic materials company’s stock after selling 65,553 shares during the quarter. WINTON GROUP Ltd’s holdings in ATI were worth $2,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ATI. CIBC Asset Management Inc increased its position in shares of ATI by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 192 shares during the last quarter. Hantz Financial Services Inc. lifted 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 acquiring an additional 240 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 288 shares during the period. Arizona State Retirement System increased its stake in shares of ATI by 0.8% during the 4th 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, Quarry LP raised its holdings in shares of ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 412 shares during the period.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of recent analyst reports. 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. Barclays boosted their target price on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Benchmark upped their price objective on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

ATI Stock Down 2.3 %

ATI stock opened at $52.75 on Friday. ATI Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.85 and a beta of 1.14. The business’s fifty day moving average price is $57.22 and its two-hundred day moving average price is $58.56.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The business 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%. ATI’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. On average, equities analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by company insiders.

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.