ATI Inc. (NYSE:ATI) SVP Tina Killough Busch Sells 9,900 Shares

ATI Inc. (NYSE:ATI) SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Tina Killough Busch also recently made the following trade(s):

• On Wednesday, December 4th, Tina Killough Busch sold 2,598 shares of ATI stock. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96.

ATI Price Performance

Shares of ATI stock opened at $62.73 on Monday. The business has a fifty day simple moving average of $57.26 and a 200 day simple moving average of $60.23. The company has a market cap of $8.95 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.69 and a beta of 1.10. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. ATI Inc. has a twelve month low of $39.71 and a twelve month high of $68.92.

ATI (NYSE:ATI) last posted its earnings results 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, sell-side analysts forecast that ATI Inc. will post 2.87 EPS for the current fiscal year.

Institutional Trading of ATI

Hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in shares of ATI by 3.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 172 shares during the last quarter. CIBC Asset Management Inc increased its holdings in ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 192 shares in the last quarter. Hantz Financial Services Inc. raised its position in ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock valued at $643,000 after purchasing an additional 240 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of ATI by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company’s stock valued at $1,988,000 after purchasing an additional 289 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 385 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ATI shares. Susquehanna increased their price target on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp downgraded ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.14.

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.