ATI (NYSE:ATI) Stock Rating Reaffirmed by Seaport Res Ptn

ATI (NYSE:ATIGet Rating)‘s stock had its “buy” rating reiterated by analysts at Seaport Res Ptn in a research report issued on Saturday, PriceTargets.com reports.

ATI has been the subject of a number of other reports. KeyCorp boosted their target price on shares of ATI from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, December 5th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Monday, October 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.20.

ATI Trading Up 0.1 %

NYSE ATI opened at $35.56 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 2.88. The company has a 50-day simple moving average of $31.05 and a 200-day simple moving average of $29.41. The firm has a market capitalization of $4.60 billion, a PE ratio of 323.30 and a beta of 1.21. ATI has a one year low of $17.71 and a one year high of $36.25.

ATI (NYSE:ATIGet Rating) last posted its earnings results on Wednesday, November 2nd. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $936.80 million. ATI had a net margin of 0.67% and a return on equity of 28.25%. ATI’s revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. On average, equities analysts forecast that ATI will post 1.99 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Elliot S. Davis sold 28,572 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $30.68, for a total value of $876,588.96. Following the sale, the insider now directly owns 160,350 shares in the company, valued at approximately $4,919,538. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Elliot S. Davis sold 28,572 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $30.68, for a total value of $876,588.96. Following the sale, the insider now directly owns 160,350 shares in the company, valued at approximately $4,919,538. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Wetherbee sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $30.23, for a total transaction of $453,450.00. Following the completion of the sale, the chief executive officer now owns 333,753 shares in the company, valued at $10,089,353.19. The disclosure for this sale can be found here. Insiders own 0.82% of the company’s stock.

Institutional Trading of ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in ATI. Vanguard Group Inc. raised its holdings in shares of ATI by 3.8% during the third quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock valued at $381,970,000 after acquiring an additional 527,117 shares during the period. State Street Corp raised its holdings 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 acquiring an additional 1,279,827 shares during the period. Alliancebernstein L.P. raised its holdings in shares of ATI by 1.1% during the third quarter. Alliancebernstein L.P. now owns 7,409,123 shares of the basic materials company’s stock valued at $197,157,000 after acquiring an additional 78,421 shares during the period. Driehaus Capital Management LLC raised its holdings in shares of ATI by 24.6% during the second quarter. Driehaus Capital Management LLC now owns 2,377,194 shares of the basic materials company’s stock valued at $53,986,000 after acquiring an additional 469,487 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of ATI by 39.3% during the third quarter. Frontier Capital Management Co. LLC now owns 1,482,962 shares of the basic materials company’s stock valued at $39,462,000 after acquiring an additional 418,467 shares during the period.

About ATI

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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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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Analyst Recommendations for ATI (NYSE:ATI)

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