Alta Fox Capital Management LLC Takes $11.25 Million Position in ATI Inc. $ATI

Key Points

• Alta Fox Capital Management LLC has invested approximately $11.25 million in ATI Inc., acquiring 216,300 shares and making it their 6th largest position.
• Several large investors, such as WPG Advisers LLC and Bessemer Group Inc., have also recently modified their holdings in ATI, indicating increased institutional interest in the company.
• Analysts have mixed ratings on ATI, with a consensus rating of "Moderate Buy" and a price target averaging $93.29, while recent price targets from various firms range between $75.00 to $120.00.

Alta Fox Capital Management LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 216,300 shares of the basic materials company's stock, valued at approximately $11,254,000. ATI makes up about 4.5% of Alta Fox Capital Management LLC's holdings, making the stock its 6th biggest position. Alta Fox Capital Management LLC owned about 0.15% of ATI as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC boosted its position in shares of ATI by 2.3% during the 1st quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company's stock valued at $413,000 after acquiring an additional 176 shares during the last quarter. Maven Securities LTD boosted its position in shares of ATI by 4.4% during the 1st quarter. Maven Securities LTD now owns 5,848 shares of the basic materials company's stock valued at $304,000 after acquiring an additional 248 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in ATI by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock worth $898,000 after buying an additional 265 shares during the last quarter. Golden State Wealth Management LLC lifted its position in ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after buying an additional 386 shares during the last quarter.

ATI Stock Up 0.4%

Shares of ATI stock traded up $0.32 during trading on Friday, hitting $77.48. 1,820,755 shares of the stock traded hands, compared to its average volume of 1,693,288. The firm has a market cap of $10.68 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27. 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 Inc. has a 52-week low of $39.23 and a 52-week high of $96.20. The stock's fifty day simple moving average is $82.09 and its 200 day simple moving average is $69.98.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results 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. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business'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 completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 of the company's stock, valued at $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,900 shares of company stock valued at $8,528,399 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Zacks Research upgraded ATI to a "hold" rating in a research report on Tuesday, August 12th. Citigroup upgraded ATI to a "positive" rating in a research report on Tuesday, May 20th. Susquehanna decreased their target price on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus 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.