Algert Global LLC Cuts Stock Position in ATI Inc. $ATI

Key Points

• Algert Global LLC reduced its stake in ATI Inc. by 17.8%, selling 23,210 shares and holding 107,095 shares valued at approximately $5.57 million as of the latest reporting period.
• Several large investors have made significant changes to their holdings in ATI, with Capital World Investors increasing its stake by 100.5%, now owning nearly 6.9 million shares.
• ATI reported earnings of $0.74 per share for the latest quarter, exceeding estimates, with revenues reaching $1.14 billion despite slightly missing analyst expectations.

Algert Global LLC reduced its holdings in ATI Inc. (NYSE:ATI - Free Report) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,095 shares of the basic materials company's stock after selling 23,210 shares during the quarter. Algert Global LLC owned about 0.08% of ATI worth $5,572,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ATI. Townsquare Capital LLC increased its holdings in ATI by 43.1% in the fourth quarter. Townsquare Capital LLC now owns 6,117 shares of the basic materials company's stock worth $337,000 after purchasing an additional 1,842 shares in the last quarter. Barclays PLC increased its holdings in ATI by 12.2% in the fourth quarter. Barclays PLC now owns 58,959 shares of the basic materials company's stock worth $3,245,000 after purchasing an additional 6,418 shares in the last quarter. Guggenheim Capital LLC increased its holdings in ATI by 39.9% in the fourth quarter. Guggenheim Capital LLC now owns 31,917 shares of the basic materials company's stock worth $1,757,000 after purchasing an additional 9,109 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in ATI by 58.2% in the fourth quarter. Canada Pension Plan Investment Board now owns 202,808 shares of the basic materials company's stock worth $11,163,000 after purchasing an additional 74,608 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in ATI by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,557,503 shares of the basic materials company's stock worth $140,765,000 after purchasing an additional 82,189 shares in the last quarter.

ATI Stock Up 2.6%

ATI stock traded up $1.8820 during trading on Friday, hitting $73.6820. 1,756,799 shares of the company were exchanged, compared to its average volume of 2,431,182. The business's 50 day moving average is $83.49 and its 200 day moving average is $68.97. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $96.20. The company has a market capitalization of $10.16 billion, a P/E ratio of 25.58, a PEG ratio of 1.01 and a beta of 1.20. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. ATI's 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. Analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction 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 owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the completion of the transaction, the chairman directly owned 306,538 shares in the company, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,900 shares of company stock valued at $12,610,399 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ATI has been the subject of several recent research reports. BTIG Research set a $120.00 price objective on ATI and gave the company a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, Susquehanna decreased 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. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.29.

ATI 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.