ATI Inc. (NYSE:ATI) CAO Karl D. Schwartz Sells 2,000 Shares

ATI Inc. (NYSE:ATIGet Rating) CAO Karl D. Schwartz sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,833 shares of the company’s stock, valued at approximately $1,620,825. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ATI Stock Up 0.7 %

Shares of NYSE:ATI opened at $25.06 on Tuesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.25 and a current ratio of 2.61. ATI Inc. has a 1 year low of $13.85 and a 1 year high of $30.74. The stock has a market capitalization of $3.11 billion, a P/E ratio of -626.50 and a beta of 1.31. The stock has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $24.93.

ATI (NYSE:ATIGet Rating) last issued its earnings results on Wednesday, May 4th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.18. ATI had a return on equity of 11.17% and a net margin of 0.02%. The business had revenue of $834.10 million during the quarter, compared to analysts’ expectations of $748.04 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts forecast that ATI Inc. will post 1.52 earnings per share for the current year.

Analysts Set New Price Targets

Separately, KeyCorp dropped their price objective on shares of ATI from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Hedge Funds Weigh In On ATI

A number of institutional investors and hedge funds have recently bought and sold shares of ATI. Cornerstone Advisory LLC purchased a new position in ATI in the 4th quarter worth approximately $32,000. FNY Investment Advisers LLC boosted its holdings in ATI by 1,460.0% in the 1st quarter. FNY Investment Advisers LLC now owns 1,560 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,460 shares during the period. National Bank of Canada FI boosted its holdings in ATI by 2,264.0% in the 1st quarter. National Bank of Canada FI now owns 2,364 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 2,264 shares during the period. Emerald Advisers LLC purchased a new position in ATI in the 4th quarter worth approximately $89,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in ATI in the 1st quarter worth approximately $99,000.

ATI Company Profile

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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.

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