Nvwm LLC Has $906,000 Stock Holdings in ATI Inc. (NYSE:ATI)

Nvwm LLC lifted its holdings in shares of ATI Inc. (NYSE:ATI) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,453 shares of the basic materials company’s stock after buying an additional 499 shares during the period. Nvwm LLC’s holdings in ATI were worth $906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ATI. Hantz Financial Services Inc. bought a new stake in shares of ATI during the 3rd quarter worth about $765,000. Franklin Resources Inc. grew its holdings in ATI by 16.2% during the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock valued at $27,993,000 after purchasing an additional 61,999 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of ATI by 16.9% in the third quarter. Advisors Asset Management Inc. now owns 77,022 shares of the basic materials company’s stock valued at $5,154,000 after purchasing an additional 11,154 shares during the period. Covea Finance lifted its stake in shares of ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after buying an additional 16,000 shares during the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in shares of ATI during the 3rd quarter worth $28,700,000.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the transaction, the chairman now owns 436,443 shares of the company’s stock, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATI. StockNews.com lowered shares of ATI from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Susquehanna cut their price objective on ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp downgraded ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.71.

ATI Stock Performance

Shares of NYSE ATI opened at $63.65 on Wednesday. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.52 and a beta of 1.10. ATI Inc. has a one year low of $38.08 and a one year high of $68.92. The business has a fifty day simple moving average of $57.03 and a 200 day simple moving average of $60.16. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Sell-side analysts expect that ATI Inc. will post 2.28 EPS for the current year.

About ATI

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.