Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
ATI Inc. (NYSE:ATI - Get Rating) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 4,018 call options on the stock. This represents an increase of approximately 582% compared to the average daily volume of 589 call options.ATI Trading Up 0.0 %
Shares of ATI traded up $0.01 during midday trading on Wednesday, hitting $29.71. The stock had a trading volume of 14,344 shares, compared to its average volume of 1,451,740. The business has a 50-day simple moving average of $26.55 and a two-hundred day simple moving average of $26.44. The firm has a market cap of $3.86 billion, a P/E ratio of 742.69 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 fifty-two week low of $13.85 and a fifty-two week high of $33.31.
ATI (NYSE:ATI - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.37 by $0.17. ATI had a net margin of 0.36% and a return on equity of 21.63%. The business had revenue of $959.50 million during the quarter, compared to the consensus estimate of $837.33 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The firm's quarterly revenue was up 55.7% on a year-over-year basis. As a group, equities analysts forecast that ATI will post 2.02 EPS for the current year. Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wolfe Research raised ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a report on Friday, August 5th. Benchmark lifted their price objective on shares of ATI to $37.00 in a research note on Tuesday, August 9th. Finally, KeyCorp increased their target price on shares of ATI from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, ATI presently has a consensus rating of "Moderate Buy" and an average target price of $30.14.Insider Activity at ATI
In other news, CAO Karl D. Schwartz sold 2,000 shares of the firm's stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the transaction, the chief accounting officer now directly owns 64,833 shares of the company's stock, valued at $1,620,825. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ATI news, Director James C. Diggs sold 12,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 46,060 shares in the company, valued at $1,105,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Karl D. Schwartz sold 2,000 shares of ATI stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the transaction, the chief accounting officer now owns 64,833 shares in the company, valued at $1,620,825. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $381,220 in the last 90 days. 0.82% of the stock is owned by insiders. Hedge Funds Weigh In On ATI
Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in ATI by 71.3% during the fourth quarter. Barclays PLC now owns 177,944 shares of the basic materials company's stock valued at $2,835,000 after purchasing an additional 74,078 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in shares of ATI during the 4th quarter valued at $161,000. Comerica Bank grew its holdings in shares of ATI by 12.5% during the 1st quarter. Comerica Bank now owns 218,942 shares of the basic materials company's stock valued at $6,559,000 after acquiring an additional 24,289 shares in the last quarter. Bowen Hanes & Co. Inc. acquired a new position in shares of ATI in the first quarter worth $40,221,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of ATI during the fourth quarter worth $181,000. 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.Recommended StoriesGet a free copy of the StockNews.com research report on ATI (ATI)REV Group Has A Deep Moat In The World Of EVs Is G-III Apparel Group, Ltd. A Value Trap? Bank Of America Sees Upside In These 2 European Alcohol Stocks3 Low Beta Defensive Stocks for a Tough MarketIt Could Be a September to Remember for These 3 Stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ATI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.
While ATI currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Michael Wang of Prometheus Alternative Investments discusses how individuals should approach their portfolios as the summer rally seems to have fizzled.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.