Jones Road Capital Management L.P. Has $5.72 Million Stock Holdings in ATI Inc. $ATI

Key Points

• Jones Road Capital Management L.P. reduced its stake in ATI Inc. by 29.3% in the first quarter, holding 109,877 shares after selling 45,468 shares.
• ATI recently reported a quarterly earnings per share (EPS) of $0.74, beating estimates and showing a 4.1% year-over-year revenue increase.
• Analysts have mixed views on ATI, with six rating it a Buy and three a Hold, while the consensus price target is set at $93.29.

Jones Road Capital Management L.P. trimmed its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 29.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,877 shares of the basic materials company's stock after selling 45,468 shares during the period. ATI makes up about 3.6% of Jones Road Capital Management L.P.'s holdings, making the stock its 9th biggest holding. Jones Road Capital Management L.P. owned 0.08% of ATI worth $5,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ATI. Dendur Capital LP increased its holdings in shares of ATI by 601.7% during the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after buying an additional 3,058,628 shares during the last quarter. Anomaly Capital Management LP purchased a new position in ATI in the fourth quarter valued at approximately $34,999,000. Woodline Partners LP raised its holdings in ATI by 132.0% in the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock valued at $54,585,000 after buying an additional 564,308 shares during the period. Senator Investment Group LP raised its holdings in ATI by 68.7% in the first quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock valued at $63,086,000 after buying an additional 493,944 shares during the period. Finally, Cartenna Capital LP purchased a new position in ATI in the fourth quarter valued at approximately $24,369,000.

Analysts Set New Price Targets

Several research analysts recently commented on ATI shares. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Zacks Research raised shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. BTIG Research set a $120.00 price target on shares of ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, ATI presently has an average rating of "Moderate Buy" and a consensus target price of $93.29.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 7,900 shares of the business'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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,900 shares of company stock worth $12,610,399. Corporate insiders own 1.10% of the company's stock.

ATI Stock Up 2.6%

Shares of NYSE ATI traded up $1.8820 during midday trading on Friday, reaching $73.6820. 1,756,799 shares of the company's stock were exchanged, compared to its average volume of 2,386,249. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20. The stock has a market capitalization of $10.16 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.01 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 business's fifty day moving average price is $83.49 and its two-hundred day moving average price is $68.93.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The company's revenue for the quarter 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 forecast that ATI Inc. will post 2.89 EPS for the current 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.