Campbell & CO Investment Adviser LLC Makes New Investment in ATI Inc. (NYSE:ATI)

Campbell & CO Investment Adviser LLC bought a new stake in ATI Inc. (NYSE:ATIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,553 shares of the basic materials company’s stock, valued at approximately $1,435,000.

Other hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC raised its holdings in 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 purchasing an additional 500 shares in the last quarter. Covestor Ltd boosted its holdings in shares of ATI by 73.1% during the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock valued at $43,000 after buying an additional 441 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of ATI in the 4th quarter worth about $58,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of ATI by 211.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of ATI in the 4th quarter worth about $174,000.

ATI Trading Down 0.9 %

Shares of NYSE:ATI opened at $60.79 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37. ATI Inc. has a 1 year low of $35.03 and a 1 year high of $62.44. The company has a market cap of $7.56 billion, a P/E ratio of 24.41, a PEG ratio of 1.58 and a beta of 1.12. The stock’s fifty day moving average price is $55.52 and its 200-day moving average price is $48.32.

ATI (NYSE:ATIGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. ATI’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. Sell-side analysts expect that ATI Inc. will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft began coverage on ATI in a research report on Thursday, April 11th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Barclays raised their price objective on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

Get Our Latest Research Report on ATI

ATI 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.

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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