Mutual of America Capital Management LLC Acquires 2,248 Shares of ATI Inc. (NYSE:ATI)

Mutual of America Capital Management LLC increased its holdings in ATI Inc. (NYSE:ATIFree Report) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,869 shares of the basic materials company’s stock after purchasing an additional 2,248 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ATI were worth $5,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Inspire Investing LLC raised its position in ATI by 3.3% in the 2nd quarter. Inspire Investing LLC now owns 7,118 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 227 shares during the period. Belpointe Asset Management LLC grew its holdings in ATI by 65.3% in the 1st quarter. Belpointe Asset Management LLC now owns 843 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 333 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in ATI by 5.1% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,047 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 345 shares during the last quarter. Covestor Ltd grew its holdings in ATI by 148.1% in the 2nd quarter. Covestor Ltd now owns 603 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 360 shares during the last quarter. Finally, Guidance Capital Inc. grew its holdings in ATI by 6.4% in the 3rd quarter. Guidance Capital Inc. now owns 6,343 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 382 shares during the last quarter.

ATI Trading Up 3.7 %

NYSE:ATI opened at $42.25 on Monday. ATI Inc. has a one year low of $34.10 and a one year high of $47.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.80 and a quick ratio of 1.53. The company’s 50-day simple moving average is $42.42 and its 200 day simple moving average is $42.52. The firm has a market capitalization of $5.39 billion, a P/E ratio of 16.83 and a beta of 1.18.

ATI (NYSE:ATIGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. ATI had a net margin of 8.81% and a return on equity of 24.64%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. ATI’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that ATI Inc. will post 2.34 EPS for the current fiscal year.

ATI declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 29th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the basic materials company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATI. KeyCorp raised their price target on shares of ATI from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 1st. Benchmark reissued a “buy” rating and issued a $53.00 price target on shares of ATI in a report on Monday, December 4th. Finally, TheStreet raised shares of ATI from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.40.

View Our Latest Stock Analysis on ATI

Insider Buying and Selling

In other ATI news, insider Elliot S. Davis sold 1,789 shares of ATI stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $43.06, for a total value of $77,034.34. Following the completion of the transaction, the insider now directly owns 136,050 shares of the company’s stock, valued at $5,858,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is currently owned by insiders.

About ATI

(Free Report)

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.

Featured Articles

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.