Vontobel Holding Ltd. Sells 5,692 Shares of ATI Inc. (NYSE:ATI)

Vontobel Holding Ltd. decreased its position in shares of ATI Inc. (NYSE:ATI) by 34.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,813 shares of the basic materials company’s stock after selling 5,692 shares during the quarter. Vontobel Holding Ltd.’s holdings in ATI were worth $492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clearstead Advisors LLC lifted its holdings in shares of ATI by 295.9% in the third quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 500 shares during the last quarter. Covestor Ltd lifted its holdings in shares of ATI by 73.1% in the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 441 shares during the last quarter. Accel Wealth Management bought a new position in shares of ATI in the fourth quarter worth about $202,000. Moody National Bank Trust Division bought a new position in shares of ATI in the fourth quarter worth about $217,000. Finally, Jump Financial LLC bought a new position in shares of ATI in the third quarter worth about $204,000.

ATI Stock Down 1.6 %

ATI stock opened at $49.75 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.53 and a current ratio of 2.80. ATI Inc. has a 52-week low of $34.10 and a 52-week high of $52.98. The firm has a 50 day moving average price of $49.18 and a two-hundred day moving average price of $44.39. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.43 and a beta of 1.22.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $0.53 EPS. ATI’s revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that ATI Inc. will post 2.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft started coverage on ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective for the company. TheStreet upgraded shares of ATI from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Finally, KeyCorp lifted their target price on shares of ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Insider Activity at ATI

In related news, VP Timothy J. Harris sold 6,325 shares of ATI stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.44, for a total value of $268,433.00. Following the completion of the sale, the vice president now owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.05% of the stock is currently owned by insiders.

ATI 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.