American Century Companies Reduces $104M in ATI Inc. ($ATI)
Key Points
- American Century Companies changed its ATI Inc. ($ATI) stake by 32.8% last quarter, cutting to 1,069,282 shares worth $213.32 million.
- Wall Street's consensus rating on $ATI is Strong Buy and an average price target of $181.56.
- $ATI last traded around $199.50.
American Century Companies reduced its position in ATI Inc. ($ATI) by 32.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,069,282 shares of ATI Inc. after selling 520,735 shares during the quarter. American Century Companies's holdings in ATI Inc. were worth $213.32 million as of its most recent filing.
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About ATI Inc.
ATI Inc. produces and sells specialty materials and complex components worldwide. It operates in two segments, High Performance Materials & Components, and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, and metallic powder alloys, as well as long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, seamless tubes, plus precision forgings, components, and machined parts. It also offers zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in various forms, such as plate, sheet, and precision rolled strip products. In addition, the company provides hot-rolling conversion services comprising carbon steel products. It serves medical and specialty energy, aerospace and defense, construction and mining, transportation, oil and gas, automotive, food equipment and appliances, and mining markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1996 and is headquartered in Dallas, Texas.
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