Apollon Wealth Management LLC Makes New Investment in ATI Inc. $ATI

Key Points

• Apollon Wealth Management LLC has purchased a new stake in ATI Inc., acquiring 3,290 shares valued at approximately $284,000 in the 2nd quarter.
• ATI reported a $0.74 earnings per share for the quarter, exceeding the consensus estimate, along with a 4.1% year-over-year revenue increase.
• Several analyst reports have recently upgraded ATI's stock rating, with price targets ranging from $90.86 to $120.00, indicating positive market sentiment.

Apollon Wealth Management LLC purchased a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,290 shares of the basic materials company's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATI. Blair William & Co. IL bought a new stake in shares of ATI in the 2nd quarter valued at about $310,000. Maryland State Retirement & Pension System increased its stake in ATI by 17.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,798 shares of the basic materials company's stock worth $587,000 after purchasing an additional 1,032 shares during the period. Friedenthal Financial bought a new stake in ATI in the second quarter valued at approximately $907,000. KLP Kapitalforvaltning AS boosted its stake in shares of ATI by 5.1% during the second quarter. KLP Kapitalforvaltning AS now owns 29,000 shares of the basic materials company's stock valued at $2,504,000 after purchasing an additional 1,400 shares during the period. Finally, Motiv8 Investments LLC purchased a new stake in shares of ATI during the second quarter valued at approximately $220,000.

ATI Stock Down 1.2%

ATI stock opened at $80.24 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.20 and a beta of 1.29. The business's 50 day moving average price is $78.15 and its two-hundred day moving average price is $75.39.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior 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. As a group, analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATI has been the topic of several analyst reports. Zacks Research raised shares of ATI to a "hold" rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Susquehanna reduced their price target on ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a report on Friday, August 1st. Finally, BTIG Research reaffirmed a "buy" rating and set a $120.00 price target on shares of ATI in a research report on Friday, September 12th. Seven 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, the company has an average rating of "Moderate Buy" and a consensus target price of $90.86.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction 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 trade represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director owned 44,777 shares in the company, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,460 shares of company stock valued at $10,750,979. Corporate insiders own 1.10% of the company's stock.

About ATI

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.

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