Sei Investments Co. Has $13.10 Million Stock Position in ATI Inc. $ATI

Sei Investments Co. decreased its holdings in shares of ATI Inc. (NYSE:ATI) by 24.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 90,045 shares of the basic materials company’s stock after selling 29,540 shares during the period. Sei Investments Co.’s holdings in ATI were worth $13,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Signature Equity Partners LLC increased its holdings in ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the last quarter. Torren Management LLC acquired a new stake in ATI during the 4th quarter valued at $52,000. Summit Securities Group LLC bought a new stake in shares of ATI during the 1st quarter worth about $60,000. Hollencrest Capital Management boosted its holdings in shares of ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 334 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 346 shares during the period.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 192,199 shares of company stock worth $34,601,100. 0.98% of the stock is owned by company insiders.

ATI Price Performance

ATI stock opened at $181.87 on Friday. The company has a fifty day moving average price of $187.83 and a 200-day moving average price of $161.29. The company has a market capitalization of $24.82 billion, a P/E ratio of 60.22, a PEG ratio of 1.42 and a beta of 0.96. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $205.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. ATI’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts expect that ATI Inc. will post 4.49 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ATI shares. BTIG Research boosted their price objective on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 price target on shares of ATI in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, TD Cowen lifted their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $176.78.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.