Fox Run Management L.L.C. Acquires New Position in ATI Inc. $ATI

Key Points

• Fox Run Management L.L.C. acquired 10,363 shares of ATI Inc. stock in the first quarter, valued at approximately $539,000, marking a new investment position in the company.
• Several large investors have increased their stakes in ATI, with the Canada Pension Plan Investment Board growing its stake by 58.2% during the fourth quarter, now owning over 202,000 shares.
• Insider trading reports show significant sales, including Chairman Robert S. Wetherbee selling 50,000 shares for approximately $3.73 million, a decrease of 14.02% in his ownership.

Fox Run Management L.L.C. purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,363 shares of the basic materials company's stock, valued at approximately $539,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after buying an additional 386 shares during the period. Olde Wealth Management LLC purchased a new position in shares of ATI during the first quarter valued at approximately $36,000. Headlands Technologies LLC acquired a new stake in ATI during the first quarter worth approximately $47,000. Finally, Fifth Third Bancorp grew its stake in ATI by 115.7% in the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock worth $58,000 after acquiring an additional 603 shares during the period.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the completion of the transaction, the chairman directly owned 356,538 shares of the company's stock, valued at $29,924,234.34. This represents a 12.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the sale, the director owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,900 shares of company stock valued at $12,610,399 over the last 90 days. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Susquehanna decreased their price target on ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, August 1st. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Zacks Research upgraded shares of ATI to a "hold" rating in a report on Tuesday, August 12th. Finally, BTIG Research set a $120.00 price target on shares of ATI and gave the stock a "buy" rating in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, ATI currently has a consensus rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Up 2.6%

Shares of NYSE:ATI traded up $1.8450 during midday trading on Friday, hitting $73.6450. 1,112,458 shares of the company's stock traded hands, compared to its average volume of 2,065,196. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The company has a market cap of $10.15 billion, a PE ratio of 25.57, a P/E/G ratio of 0.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The firm's fifty day moving average price is $83.72 and its two-hundred day moving average price is $68.84.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. On average, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI Company Profile

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.