National Bank of Canada FI raised its position in shares of ATI Inc. (NYSE:ATI – Get Rating) by 2,264.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,364 shares of the basic materials company's stock after acquiring an additional 2,264 shares during the period. National Bank of Canada FI's holdings in ATI were worth $63,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of ATI by 71.3% in the fourth quarter. Barclays PLC now owns 177,944 shares of the basic materials company's stock worth $2,835,000 after buying an additional 74,078 shares during the period. Rafferty Asset Management LLC purchased a new stake in shares of ATI in the fourth quarter worth about $161,000. Comerica Bank boosted its position in shares of ATI by 12.5% in the first quarter. Comerica Bank now owns 218,942 shares of the basic materials company's stock worth $6,559,000 after buying an additional 24,289 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of ATI in the fourth quarter worth about $181,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of ATI in the first quarter worth about $356,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ATI shares. Benchmark upped their target price on ATI to $37.00 in a research report on Tuesday. Wolfe Research upgraded ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price target on the stock in a research note on Friday, August 5th. Finally, KeyCorp boosted their price target on ATI from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, ATI presently has an average rating of "Moderate Buy" and an average target price of $30.14.

Insider Buying and Selling at ATI

ATI Trading Up 0.4 %

NYSE:ATI opened at $31.41 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.30 and a current ratio of 2.89. ATI Inc. has a one year low of $13.85 and a one year high of $32.09. The business's 50-day simple moving average is $24.43 and its 200 day simple moving average is $25.44. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 785.45 and a beta of 1.31.

ATI (NYSE:ATI – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.17. ATI had a return on equity of 21.63% and a net margin of 0.36%. The firm had revenue of $959.50 million for the quarter, compared to analysts' expectations of $837.33 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. ATI's revenue for the quarter was up 55.7% compared to the same quarter last year. As a group, sell-side analysts predict that ATI Inc. will post 1.63 earnings per share for the current fiscal year.

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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