ATI’s (ATI) Buy Rating Reiterated at Seaport Res Ptn

Seaport Res Ptn restated their buy rating on shares of ATI (NYSE:ATI – Get Rating) in a research note published on Saturday, PriceTargets.com reports.

ATI has been the topic of several other research reports. KeyCorp lifted their price target on ATI from $33.00 to $36.00 and gave the company an overweight rating in a research note on Monday, December 5th. StockNews.com raised ATI from a sell rating to a hold rating in a research report on Monday, October 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, ATI presently has a consensus rating of Moderate Buy and an average target price of $33.20.

ATI Stock Performance

Shares of ATI stock opened at $35.56 on Friday. The company has a market capitalization of $4.60 billion, a PE ratio of 323.30 and a beta of 1.21. ATI has a 12 month low of $17.71 and a 12 month high of $36.25. The company has a current ratio of 2.88, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock’s fifty day simple moving average is $31.05 and its 200 day simple moving average is $29.41.

ATI (NYSE:ATI – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. ATI had a return on equity of 28.25% and a net margin of 0.67%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $936.80 million. During the same quarter last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. On average, research analysts predict that ATI will post 1.99 EPS for the current year.

Insider Activity at ATI

In related news, insider Elliot S. Davis sold 28,572 shares of ATI stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $30.68, for a total value of $876,588.96. Following the sale, the insider now owns 160,350 shares of the company’s stock, valued at $4,919,538. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Robert S. Wetherbee sold 15,000 shares of ATI stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $30.23, for a total transaction of $453,450.00. Following the completion of the transaction, the chief executive officer now owns 333,753 shares in the company, valued at $10,089,353.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elliot S. Davis sold 28,572 shares of ATI stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $30.68, for a total value of $876,588.96. Following the transaction, the insider now owns 160,350 shares of the company’s stock, valued at approximately $4,919,538. The disclosure for this sale can be found here. 0.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On ATI

Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC bought a new stake in shares of ATI during the first quarter worth approximately $263,000. Natixis Advisors L.P. bought a new stake in shares of ATI during the first quarter worth approximately $570,000. MetLife Investment Management LLC boosted its holdings in shares of ATI by 70.4% during the first quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company’s stock worth $1,844,000 after acquiring an additional 28,376 shares during the period. Rhumbline Advisers boosted its holdings in shares of ATI by 4.4% during the first quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company’s stock worth $9,340,000 after acquiring an additional 14,825 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of ATI by 1.4% during the first quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company’s stock worth $3,056,000 after acquiring an additional 1,480 shares during the period.

ATI Company Profile

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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.