Capital Research & Management Co has recently announced that it has increased stake in ATI Inc (NYSE:ATI) by 0.15%. After grabbing 15.23 million shares, the institutional investor is now in possession of 22459.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 11.93% having worth around $692.3 million. Moreover, Geode Capital Management LLC increased its share by 0.1 million to have a control over 2.58 million shares. And Palestra Capital Management LLC raised its holdings to 1.96 million shares by acquiring 2.19 million shares or 1.72% of the stake.
ATI Inc (ATI) concluded trading on Thursday at a closing price of $40.73, with 3.0 million shares of worth about $122.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.27% during that period and on Thursday, January 25 the price saw a loss of about -5.17%. Currently the company’s common shares owned by public are about 128.27M shares, out of which, 125.75M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 123,839 shares in 14 of the transactions. In 18 selling transactions, insiders dumped 109,494 shares.
iShares Core S&P Small Cap ETF, American Funds Growth Fund of Ame, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in ATI Inc iShares Core S&P Small Cap ETF is currently holding 8.54 million shares of worth totaling $388.19 million. The company recently came selling 13418.0 shares which brought its stake up to 6.69% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after selling 4.04 million shares, have now control over 3.16% of the stake in the company. It holds 13382.0 shares of worth $183.55 million.
Stock saw a price change of -4.30% in past 5 days and over the past one month there was a price change of -10.70%. Year-to-date (YTD), ATI shares are showing a performance of -10.42% which increased to 14.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.10 but also hit the highest price of $47.92 during that period. The average intraday trading volume for ATI Inc shares is 1.34 million. The stock is currently trading -6.32% below its 20-day simple moving average (SMA20), while that difference is down -5.92% for SMA50 and it goes to -2.09% lower than SMA200.
Capital Research & Management Co acquired 15.23 million shares of ATI Inc having value of about $692.3 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 22459.0 shares in the company valued at close to $914755.07, or have control over 0.15% stake in the company. ATI Inc (NYSE: ATI) currently have 128.27M outstanding shares and institutions hold larger chunk of about 105.29% of that. Holding of mutual funds in the company is about 5.32% while other institutional holders and individual stake holders have control over 67.30% and 38.59% of the stake respectively.
The stock has a current market capitalization of $5.20B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 19.78, while it has posted earnings per share of $2.06 in the same period. Its PEG reads 1.05 and has Quick Ratio of 1.50 while making debt-to-equity ratio of 1.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ATI, volatility over the week remained 3.99% while standing at 2.88% over the month.
Analysts are in expectations that ATI Inc (ATI) stock would likely to be making an EPS of $0.62 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.42 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.59 which is $0.66 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.53 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.63% while it is estimated to increase by 7.92% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northcoast on July 20, 2023 offering a Buy rating for the stock and assigned a target price of $54 to it.
