Numerai GP LLC Has $378,000 Stock Holdings in ATI Inc. (NYSE:ATI)

Numerai GP LLC decreased its stake in shares of ATI Inc. (NYSE:ATI) by 65.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,870 shares of the basic materials company’s stock after selling 12,974 shares during the quarter. Numerai GP LLC’s holdings in ATI were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors lifted its stake in ATI by 100.5% in the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company’s stock valued at $378,432,000 after acquiring an additional 3,446,919 shares during the last quarter. Dendur Capital LP grew its holdings in ATI by 601.7% during the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company’s stock worth $196,328,000 after purchasing an additional 3,058,628 shares during the period. Vanguard Group Inc. grew its holdings in ATI by 15.2% during 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 period. Norges Bank acquired a new position in ATI during the fourth quarter worth approximately $85,047,000. Finally, Capital International Investors raised its stake in ATI by 5.4% in the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company’s stock valued at $875,190,000 after buying an additional 817,182 shares during the period.

ATI Trading Down 0.1%

Shares of ATI stock opened at $74.98 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The firm has a 50-day moving average of $54.22 and a 200-day moving average of $56.45. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $75.63. The stock has a market cap of $10.58 billion, a PE ratio of 29.40, a PEG ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total value of $3,409,000.00. Following the completion of the transaction, the chairman now owns 506,538 shares of the company’s stock, valued at $34,535,760.84. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $81.00 target price on shares of ATI in a research note on Monday, April 21st. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Wednesday, April 23rd. Barclays raised their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Finally, BTIG Research set a $90.00 price target on shares of ATI and gave the company a “buy” rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.14.

ATI 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.