Walleye Capital LLC Has $7.89 Million Stock Position in ATI Inc. (NYSE:ATI)

Walleye Capital LLC raised its position in ATI Inc. (NYSE:ATI) by 592.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 143,258 shares of the basic materials company’s stock after purchasing an additional 122,575 shares during the quarter. Walleye Capital LLC’s holdings in ATI were worth $7,885,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ATI. Vanguard Group Inc. raised its holdings in shares of ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock valued at $844,061,000 after buying an additional 2,020,313 shares during the last quarter. Invesco Ltd. raised its stake in shares of ATI by 4.5% in the fourth quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company’s stock worth $258,495,000 after acquiring an additional 203,742 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of ATI by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 2,150,204 shares of the basic materials company’s stock worth $118,389,000 after purchasing an additional 197,270 shares in the last quarter. Channing Capital Management LLC grew its stake in shares of ATI by 15.7% during the fourth quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company’s stock valued at $92,162,000 after purchasing an additional 226,977 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of ATI by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock valued at $86,031,000 after purchasing an additional 191,823 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction dated 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 trade represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

ATI Stock Down 0.8 %

ATI stock opened at $47.23 on Wednesday. ATI Inc. has a fifty-two week low of $39.23 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 firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.85 and a beta of 0.80. The company’s 50 day simple moving average is $53.73 and its 200 day simple moving average is $56.95.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Analyst Ratings Changes

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

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.