Strs Ohio Has $282,000 Stock Holdings in ATI Inc. (NYSE:ATI)

Strs Ohio boosted its holdings in shares of ATI Inc. (NYSE:ATIGet Rating) by 86.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,600 shares of the basic materials company’s stock after acquiring an additional 4,900 shares during the period. Strs Ohio’s holdings in ATI were worth $282,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in ATI by 185.5% during the 1st quarter. Captrust Financial Advisors now owns 5,962 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 3,874 shares during the period. Raymond James & Associates acquired a new stake in ATI during the 3rd quarter worth $204,000. Mackenzie Financial Corp acquired a new stake in ATI during the 3rd quarter worth $216,000. American National Insurance Co. acquired a new stake in ATI during the 1st quarter worth $228,000. Finally, Cibc World Market Inc. acquired a new stake in ATI during the 1st quarter worth $237,000.

ATI Price Performance

Shares of ATI stock opened at $34.37 on Friday. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 312.48 and a beta of 1.21. The company has a quick ratio of 1.40, a current ratio of 2.88 and a debt-to-equity ratio of 1.81. ATI Inc. has a 12-month low of $17.71 and a 12-month high of $35.63. The firm has a fifty day moving average of $30.67 and a 200-day moving average of $29.02.

ATI (NYSE:ATIGet Rating) last announced its earnings results on Wednesday, November 2nd. The basic materials company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $936.80 million. ATI had a net margin of 0.67% and a return on equity of 28.25%. The company’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. On average, equities research analysts forecast that ATI Inc. will post 1.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert S. Wetherbee sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $30.23, for a total value of $453,450.00. Following the completion of the transaction, the chief executive officer now directly owns 333,753 shares of the company’s stock, valued at approximately $10,089,353.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other ATI news, CEO Robert S. Wetherbee sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $30.23, for a total transaction of $453,450.00. Following the sale, the chief executive officer now directly owns 333,753 shares of the company’s stock, valued at approximately $10,089,353.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Elliot S. Davis sold 28,572 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $30.68, for a total transaction of $876,588.96. Following the sale, the insider now directly owns 160,350 shares in the company, valued at $4,919,538. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Monday, October 24th. KeyCorp boosted their price target on shares of ATI from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, December 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

ATI 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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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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