California State Teachers Retirement System Sells 6,023 Shares of ATI Inc. (NYSE:ATI)

California State Teachers Retirement System lessened its holdings in shares of ATI Inc. (NYSE:ATIFree Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,132 shares of the basic materials company’s stock after selling 6,023 shares during the quarter. California State Teachers Retirement System’s holdings in ATI were worth $6,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alberta Investment Management Corp increased its stake in ATI by 4.2% during the 4th quarter. Alberta Investment Management Corp now owns 60,284 shares of the basic materials company’s stock valued at $2,741,000 after purchasing an additional 2,418 shares in the last quarter. Jade Capital Advisors LLC bought a new stake in ATI during the 4th quarter valued at $1,051,000. Oliver Luxxe Assets LLC increased its stake in ATI by 19.2% during the 4th quarter. Oliver Luxxe Assets LLC now owns 15,619 shares of the basic materials company’s stock valued at $710,000 after purchasing an additional 2,519 shares in the last quarter. TFO Wealth Partners LLC increased its stake in ATI by 103,225.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,133 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in ATI by 211.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,800 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. KeyCorp lifted their price objective on shares of ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Barclays lifted their price objective on shares of ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of ATI in a report on Thursday, April 11th. They set a “buy” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

Check Out Our Latest Research Report on ATI

ATI Price Performance

Shares of NYSE:ATI opened at $57.94 on Tuesday. The company’s 50-day moving average is $56.18 and its 200 day moving average is $48.75. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.37 and a current ratio of 2.81. The company has a market capitalization of $7.21 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. ATI Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $62.44.

ATI (NYSE:ATIGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. ATI had a net margin of 8.70% and a return on equity of 23.72%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities research analysts forecast that ATI Inc. will post 2.41 earnings per share for the current year.

ATI Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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