Schroder Investment Management Group Has $21.52 Million Stake in ATI Inc. (NYSE:ATI)

Schroder Investment Management Group raised its position in ATI Inc. (NYSE:ATI) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392,273 shares of the basic materials company’s stock after acquiring an additional 34,838 shares during the quarter. Schroder Investment Management Group owned approximately 0.28% of ATI worth $21,524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in ATI in the 4th quarter valued at about $25,000. Quarry LP lifted its position in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after buying an additional 412 shares during the last quarter. Mainstream Capital Management LLC bought a new position in shares of ATI during the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC increased its holdings in shares of ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 288 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in ATI by 236.0% in the 4th 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 period.

ATI Stock Performance

Shares of NYSE:ATI opened at $54.02 on Thursday. ATI Inc. has a 12-month low of $47.90 and a 12-month high of $68.92. The company’s 50 day moving average price is $56.81 and its two-hundred day moving average price is $58.31. The firm has a market cap of $7.68 billion, a PE ratio of 21.18, a PEG 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 (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (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 the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. Equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

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

Analyst Ratings Changes

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

ATI 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.