ATI Inc. (NYSE:ATI) Shares Sold by Channing Capital Management LLC

Channing Capital Management LLC trimmed its holdings in ATI Inc. (NYSE:ATI) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,537,146 shares of the basic materials company’s stock after selling 207,158 shares during the quarter. ATI accounts for approximately 2.1% of Channing Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Channing Capital Management LLC owned 1.20% of ATI worth $69,894,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ATI. Victory Capital Management Inc. raised its position in ATI by 14.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,109,192 shares of the basic materials company’s stock valued at $50,435,000 after acquiring an additional 135,820 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in shares of ATI during the 4th quarter valued at approximately $201,000. Van ECK Associates Corp lifted its stake in shares of ATI by 10.7% in the 4th quarter. Van ECK Associates Corp now owns 143,050 shares of the basic materials company’s stock valued at $6,504,000 after purchasing an additional 13,775 shares during the period. Yousif Capital Management LLC boosted its holdings in ATI by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 64,390 shares of the basic materials company’s stock worth $2,928,000 after buying an additional 568 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in ATI during the fourth quarter valued at $58,000.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the transaction, the vice president now owns 109,331 shares of the company’s stock, valued at $4,640,007.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

ATI Price Performance

ATI stock traded up $0.11 during mid-day trading on Friday, reaching $58.16. 1,831,145 shares of the company’s stock were exchanged, compared to its average volume of 1,370,743. The stock’s 50 day moving average is $50.75 and its 200 day moving average is $45.28. ATI Inc. has a 12-month low of $34.10 and a 12-month high of $61.58. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.53.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, research analysts expect that ATI Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft began coverage on ATI in a research report on Thursday, April 11th. They set a “buy” rating and a $70.00 price target on the stock. Finally, TheStreet upgraded ATI from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, ATI has an average rating of “Moderate Buy” and an average price target of $56.00.

About ATI

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.