Marshall Wace LLP Has $38.48 Million Position in ATI Inc. (NYSE:ATI)

Marshall Wace LLP lessened its holdings in shares of ATI Inc. (NYSE:ATIFree Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 699,071 shares of the basic materials company’s stock after selling 123,105 shares during the quarter. Marshall Wace LLP owned 0.49% of ATI worth $38,477,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of ATI by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock worth $844,061,000 after acquiring 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 purchasing an additional 203,742 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of ATI by 10.1% in 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 during the last quarter. Channing Capital Management LLC lifted its holdings in shares of ATI by 15.7% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ATI by 14.0% during 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 buying an additional 191,823 shares during the last quarter.

Analysts Set New Price Targets

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

Get Our Latest Report on ATI

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by company insiders.

ATI Stock Down 0.5 %

ATI stock opened at $45.51 on Friday. The firm has a 50 day moving average price of $52.71 and a 200-day moving average price of $56.59. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $68.92. The company has a market capitalization of $6.42 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.85 and a beta of 0.80.

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

ATI Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATIFree Report).

Institutional Ownership by Quarter for ATI (NYSE:ATI)

Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.