Trexquant Investment LP Makes New Investment in ATI Inc. $ATI

Key Points

• Trexquant Investment LP has acquired 419,126 shares of ATI Inc. for approximately $21.8 million, representing a 0.30% stake in the company as of its latest SEC filing.
• Several other large investors have also recently increased their holdings in ATI, with Teacher Retirement System of Texas investing over $1.2 million and Bank of New York Mellon Corp lifting its stake by 1.2% to own 902,200 shares valued at nearly $46.9 million.
• JPMorgan Chase & Co. raised its price target for ATI shares from $75.00 to $92.00, reflecting a positive outlook as analysts rate the company with a consensus of "Moderate Buy" and target price of $93.29.

Trexquant Investment LP purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 419,126 shares of the basic materials company's stock, valued at approximately $21,807,000. Trexquant Investment LP owned about 0.30% of ATI as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Corebridge Financial Inc. raised its holdings in shares of ATI by 2,574.1% in the first quarter. Corebridge Financial Inc. now owns 157,425 shares of the basic materials company's stock valued at $8,191,000 after buying an additional 151,538 shares during the last quarter. MetLife Investment Management LLC raised its holdings in ATI by 3,539.2% during the 1st quarter. MetLife Investment Management LLC now owns 78,862 shares of the basic materials company's stock worth $4,103,000 after purchasing an additional 76,695 shares during the last quarter. Forest Avenue Capital Management LP bought a new stake in ATI during the 1st quarter worth about $44,867,000. Northwestern Mutual Wealth Management Co. raised its holdings in ATI by 10.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 18,743 shares of the basic materials company's stock worth $975,000 after purchasing an additional 1,820 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in ATI by 34.3% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,992 shares of the basic materials company's stock worth $18,678,000 after purchasing an additional 91,619 shares during the last quarter.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $83.93, for a total transaction of $4,196,500.00. Following the completion of the transaction, the chairman 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 legal filing with the SEC, which is available through this link. Also, Director David J. Morehouse sold 7,900 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the transaction, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,900 shares of company stock valued at $8,528,399 over the last quarter. 1.10% of the stock is owned by insiders.

ATI Stock Up 0.2%

Shares of ATI traded up $0.19 on Tuesday, hitting $77.73. The company's stock had a trading volume of 533,076 shares, compared to its average volume of 2,054,417. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. The firm's fifty day moving average price is $82.70 and its 200-day moving average price is $69.60. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.06 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $0.60 EPS. ATI's quarterly revenue was up 4.1% compared to the same quarter last year. 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 expect that ATI Inc. will post 2.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ATI shares. Susquehanna dropped their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Zacks Research raised ATI to a "hold" rating in a report on Tuesday, August 12th. Barclays boosted their price objective on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus price target of $93.29.

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.