ATI Inc. (NYSE:ATI) Shares Sold by Citigroup Inc.
Citigroup Inc. lowered its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 37.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,155 shares of the basic materials company's stock after selling 158,166 shares during the quarter. Citigroup Inc. owned approximately 0.20% of ATI worth $10,345,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ATI. OLD Mission Capital LLC purchased a new stake in shares of ATI during the fourth quarter worth $56,000. Point72 Middle East FZE purchased a new stake in shares of ATI during the fourth quarter worth $75,000. Archer Investment Corp purchased a new stake in shares of ATI during the first quarter worth $98,000. Tower Research Capital LLC TRC boosted its holdings in shares of ATI by 322.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,190 shares of the basic materials company's stock worth $126,000 after purchasing an additional 2,435 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new position in shares of ATI during the 4th quarter worth approximately $127,000.
ATI has been the topic of several recent research reports. Northcoast Research initiated coverage on ATI in a report on Thursday, July 20th. They set a "buy" rating and a $54.00 target price on the stock. KeyCorp lifted their price target on ATI from $47.00 to $49.00 and gave the stock an "overweight" rating in a report on Monday, August 7th. Barclays lifted their price target on ATI from $42.00 to $51.00 and gave the stock an "overweight" rating in a report on Tuesday, August 8th. StockNews.com began coverage on ATI in a report on Thursday, August 17th. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of ATI from $45.00 to $50.00 in a report on Monday, May 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 presently has an average rating of "Moderate Buy" and a consensus target price of $49.33.
Check Out Our Latest Stock Analysis on ATI
In related news, VP Timothy J. Harris sold 12,858 shares of the business's stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $43.57, for a total value of $560,223.06. Following the sale, the vice president now owns 76,992 shares in the company, valued at approximately $3,354,541.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Timothy J. Harris sold 12,858 shares of ATI stock in a transaction that occurred on 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 owns 76,992 shares in the company, valued at $3,354,541.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elliot S. Davis sold 7,039 shares of ATI stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $42.50, for a total transaction of $299,157.50. Following the completion of the transaction, the insider now owns 141,627 shares of the company's stock, valued at approximately $6,019,147.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,975 shares of company stock worth $1,457,696. 0.82% of the stock is currently owned by company insiders.
NYSE ATI opened at $45.25 on Thursday. The stock has a fifty day simple moving average of $44.36 and a 200-day simple moving average of $40.56. The company has a current ratio of 2.74, a quick ratio of 1.20 and a debt-to-equity ratio of 1.30. ATI Inc. has a twelve month low of $25.39 and a twelve month high of $47.92. The stock has a market cap of $5.82 billion, a PE ratio of 23.21 and a beta of 1.25.
ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. ATI had a net margin of 6.88% and a return on equity of 26.99%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Equities analysts anticipate that ATI Inc. will post 2.26 earnings per share for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider ATI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.
While ATI currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.ATI(Ad)(Ad)