Thrivent Financial for Lutherans Acquires 40,079 Shares of ATI Inc. (NYSE:ATI)

Thrivent Financial for Lutherans boosted its holdings in shares of ATI Inc. (NYSE:ATI) by 41.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 137,820 shares of the basic materials company’s stock after acquiring an additional 40,079 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ATI were worth $7,586,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ATI. Corient Private Wealth LLC lifted its position in shares of ATI by 111.1% during the fourth quarter. Corient Private Wealth LLC now owns 332,302 shares of the basic materials company’s stock worth $18,290,000 after purchasing an additional 174,903 shares during the last quarter. Royce & Associates LP increased its stake in ATI by 10.1% in the 4th quarter. Royce & Associates LP now owns 248,902 shares of the basic materials company’s stock worth $13,700,000 after buying an additional 22,780 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in ATI by 35.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,926 shares of the basic materials company’s stock valued at $1,317,000 after buying an additional 6,299 shares in the last quarter. Swiss National Bank boosted its position in ATI by 0.7% in the 4th quarter. Swiss National Bank now owns 244,800 shares of the basic materials company’s stock valued at $13,474,000 after buying an additional 1,700 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 288 shares in the last quarter.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by company insiders.

ATI Trading Down 0.6 %

Shares of NYSE:ATI opened at $51.94 on Monday. The company has a market capitalization of $7.38 billion, a PE ratio of 20.37, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a 12-month low of $47.90 and a 12-month high of $68.92. The business’s fifty day simple moving average is $57.44 and its 200-day simple moving average is $58.70.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ATI shares. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays upped their target price on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Susquehanna raised their price target on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Finally, Benchmark upped their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, ATI presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.