ATI Inc. (NYSE:ATI) Stock Position Boosted by Victory Capital Management Inc.

Jan 11, 2024

Victory Capital Management Inc. boosted its stake in ATI Inc. (NYSE:ATI - Get Rating) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 617,959 shares of the basic materials company's stock after buying an additional 5,537 shares during the period. Victory Capital Management Inc. owned 0.48% of ATI worth $18,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATI. HighTower Advisors LLC bought a new position in ATI in the 1st quarter valued at about $263,000. Natixis Advisors L.P. bought a new position in shares of ATI during the 1st quarter valued at about $570,000. MetLife Investment Management LLC boosted its position in shares of ATI by 70.4% during the 1st quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company's stock valued at $1,844,000 after purchasing an additional 28,376 shares in the last quarter. Rhumbline Advisers boosted its position in shares of ATI by 4.4% during the 1st quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company's stock valued at $9,340,000 after purchasing an additional 14,825 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of ATI by 1.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company's stock valued at $3,056,000 after purchasing an additional 1,480 shares in the last quarter.

Shares of ATI stock opened at $37.42 on Tuesday. ATI Inc. has a 12 month low of $20.51 and a 12 month high of $43.32. The company has a quick ratio of 1.24, a current ratio of 2.81 and a debt-to-equity ratio of 1.40. The business's 50 day moving average is $37.80 and its two-hundred day moving average is $35.37. The company has a market cap of $4.81 billion, a PE ratio of 33.41 and a beta of 1.19.

ATI (NYSE:ATI - Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. ATI had a return on equity of 28.75% and a net margin of 4.21%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted $0.40 earnings per share. The company's revenue for the quarter was up 24.5% compared to the same quarter last year. Equities analysts predict that ATI Inc. will post 2.24 EPS for the current year.

Several equities analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of ATI from $37.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, February 3rd. Cowen raised their price objective on shares of ATI from $37.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 6th. Barclays raised their price objective on shares of ATI from $33.00 to $42.00 in a research report on Tuesday, May 9th. KeyCorp raised their target price on shares of ATI from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Tuesday, March 7th. Finally, StockNews.com initiated coverage on shares of ATI in a report on Thursday, May 18th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.00.

ATI, Inc engages in the manufacture of specialty materials and components. It operates through the High Performance Materials and Components (HPMC) and Advanced Alloys & Solutions (AA&S) segments. The HPMC segment consists of the production of materials, parts, and components for aerospace and defense, medical, and energy markets.

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