Xponance Inc. lowered its stake in shares of ATI Inc. (NYSE:ATI – Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,593 shares of the basic materials company’s stock after selling 263 shares during the period. Xponance Inc.’s holdings in ATI were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of ATI. Norges Bank bought a new stake in shares of ATI during the fourth quarter valued at approximately $50,336,000. State Street Corp raised its position in shares of ATI by 14.8% during the first quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock valued at $266,817,000 after buying an additional 1,279,827 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of ATI during the first quarter valued at approximately $49,299,000. Allspring Global Investments Holdings LLC increased its position in ATI by 21,179.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 895,224 shares of the basic materials company’s stock worth $35,326,000 after purchasing an additional 891,017 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in ATI by 1,302.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 712,994 shares of the basic materials company’s stock worth $28,135,000 after purchasing an additional 662,166 shares during the last quarter.
Insider Buying and Selling
In other ATI news, VP Timothy J. Harris sold 12,858 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $43.57, for a total value of $560,223.06. Following the completion of the transaction, the vice president now directly owns 76,992 shares in the company, valued at $3,354,541.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Elliot S. Davis sold 7,039 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $45.00, for a total transaction of $316,755.00. Following the transaction, the insider now owns 134,588 shares in the company, valued at $6,056,460. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Timothy J. Harris sold 12,858 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $43.57, for a total transaction of $560,223.06. Following the transaction, the vice president now owns 76,992 shares in the company, valued at approximately $3,354,541.44. The disclosure for this sale can be found here. Insiders sold a total of 22,571 shares of company stock valued at $997,041 over the last three months. 0.82% of the stock is owned by company insiders.
ATI Stock Down 0.7 %
ATI (NYSE:ATI – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. ATI had a net margin of 6.88% and a return on equity of 26.99%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts expect that ATI Inc. will post 2.24 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ATI shares. Northcoast Research started coverage on shares of ATI in a research report on Thursday, July 20th. They issued a “buy” rating and a $54.00 price target on the stock. KeyCorp boosted their price target on shares of ATI from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. StockNews.com started coverage on shares of ATI in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Barclays boosted their price target on shares of ATI from $42.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.33.
Read Our Latest Analysis on ATI
ATI Company Profile
ATI Inc manufactures and sells specialty materials and 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, 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.
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