Walleye Capital LLC Acquires 122,575 Shares of ATI Inc. (NYSE:ATI)

Walleye Capital LLC grew its holdings in ATI Inc. (NYSE:ATI) by 592.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,258 shares of the basic materials company’s stock after acquiring an additional 122,575 shares during the period. Walleye Capital LLC owned 0.10% of ATI worth $7,885,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in ATI by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock worth $86,031,000 after purchasing an additional 191,823 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of ATI by 16.2% in the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock worth $27,993,000 after buying an additional 61,999 shares during the last quarter. Covea Finance boosted its holdings in shares of ATI by 32.7% during the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after buying an additional 16,000 shares during the period. Blue Trust Inc. grew its stake in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after buying an additional 1,516 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in ATI in the 4th quarter worth $618,000.

ATI Price Performance

Shares of ATI stock opened at $47.23 on Wednesday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $68.92. The company has a market capitalization of $6.66 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.85 and a beta of 0.80. The stock has a 50 day moving average of $53.73 and a two-hundred day moving average of $56.95. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88.

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

Wall Street Analysts Forecast Growth

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

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 stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.71% of the stock is owned by insiders.

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.