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ATI Inc. (NYSE:ATI - Get Rating) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 14,240,000 shares, an increase of 5.5% from the August 15th total of 13,500,000 shares. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is currently 9.4 days. Insider Activity
In other news, CAO Karl D. Schwartz sold 1,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $31.32, for a total value of $31,320.00. Following the transaction, the chief accounting officer now owns 62,833 shares of the company's stock, valued at approximately $1,967,929.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director James C. Diggs sold 12,500 shares of the stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total value of $300,000.00. Following the transaction, the director now owns 46,060 shares of the company's stock, valued at approximately $1,105,440. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Karl D. Schwartz sold 1,000 shares of the firm's stock in a transaction on Monday, September 12th. The stock was sold at an average price of $31.32, for a total value of $31,320.00. Following the sale, the chief accounting officer now directly owns 62,833 shares in the company, valued at approximately $1,967,929.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,500 shares of company stock valued at $412,540 in the last 90 days. 0.82% of the stock is owned by company insiders. Institutional Investors Weigh In On ATI
A number of institutional investors and hedge funds have recently made changes to their positions in ATI. Maryland State Retirement & Pension System grew its holdings in shares of ATI by 1.3% during the 1st quarter. Maryland State Retirement & Pension System now owns 51,027 shares of the basic materials company's stock worth $1,370,000 after purchasing an additional 647 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of ATI by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 18,336 shares of the basic materials company's stock worth $492,000 after purchasing an additional 951 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of ATI by 10.7% during the 1st quarter. Profund Advisors LLC now owns 14,505 shares of the basic materials company's stock worth $389,000 after purchasing an additional 1,407 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of ATI by 1,460.0% during the 1st quarter. FNY Investment Advisers LLC now owns 1,560 shares of the basic materials company's stock worth $41,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of ATI by 1.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company's stock worth $3,056,000 after purchasing an additional 1,480 shares in the last quarter. Analyst Upgrades and Downgrades
Several brokerages recently commented on ATI. KeyCorp raised their price objective on ATI from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, August 5th. Benchmark raised their price objective on ATI to $37.00 in a research note on Tuesday, August 9th. Finally, Wolfe Research raised ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a research note on Friday, August 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.14.ATI Price Performance
ATI stock opened at $29.67 on Thursday. The stock has a 50-day moving average price of $28.80 and a two-hundred day moving average price of $26.98. The stock has a market cap of $3.85 billion, a PE ratio of 741.94 and a beta of 1.23. The company has a current ratio of 2.89, a quick ratio of 1.30 and a debt-to-equity ratio of 1.91. ATI has a 1 year low of $13.85 and a 1 year high of $33.31.
ATI (NYSE:ATI - Get Rating) last released its earnings results on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.17. ATI had a return on equity of 21.63% and a net margin of 0.36%. The business had revenue of $959.50 million for the quarter, compared to the consensus estimate of $837.33 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. ATI's quarterly revenue was up 55.7% on a year-over-year basis. Equities analysts forecast that ATI will post 2.02 EPS for the current fiscal year. About ATI (Get Rating)
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.Featured ArticlesGet a free copy of the StockNews.com research report on ATI (ATI)The Worst May be Over for Target, But is the Stock Safe to Buy?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Two Fun Stocks The Insiders Are Buying Novavax Remains a Risk-On Stock in a Risk-Off Market3 Defensive Stocks With 60-Year Dividend Hike Streaks
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