WINTON GROUP Ltd Sells 65,553 Shares of ATI Inc. (NYSE:ATI)

WINTON GROUP Ltd trimmed its position in ATI Inc. (NYSE:ATI) by 56.3% in the fourth quarter, Holdings Channel reports. The fund owned 50,916 shares of the basic materials company’s stock after selling 65,553 shares during the quarter. WINTON GROUP Ltd’s holdings in ATI were worth $2,802,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock worth $844,061,000 after purchasing an additional 2,020,313 shares during the last quarter. Mountaineer Partners Management LLC lifted its holdings in ATI by 4,401.2% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock worth $629,683,000 after buying an additional 9,201,818 shares during the period. Geode Capital Management LLC grew its position in shares of ATI by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock valued at $130,709,000 after buying an additional 5,165 shares during the last quarter. Channing Capital Management LLC increased its stake in shares of ATI by 15.7% in the fourth quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company’s stock valued at $92,162,000 after buying an additional 226,977 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of ATI by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock worth $86,031,000 after acquiring an additional 191,823 shares during the last quarter.

ATI Stock Down 2.3 %

ATI stock opened at $52.75 on Friday. The company has a market capitalization of $7.50 billion, a PE ratio of 20.69, a PEG ratio of 0.85 and a beta of 1.14. ATI Inc. has a 12-month low of $47.90 and a 12-month high of $68.92. The firm’s fifty day moving average is $57.22 and its 200 day moving average is $58.56. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ATI shares. Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Benchmark increased their price target on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, ATI currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

ATI Company 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.