ATI Inc. $ATI Shares Newly Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors LLC opened a new position in ATI during the third quarter, buying 12,004 shares valued at approximately $2.27 million.
• ATI beat quarterly earnings and revenue estimates, reporting EPS of $1.46 versus $1.37 expected and revenue of $1.42 billion, up 26.5% year over year.
• Analysts’ consensus rating is Buy, with an average price target of $222.22, though several brokerages recently reduced their targets.

Calamos Advisors LLC purchased a new position in shares of ATI Inc. (NYSE:ATI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,004 shares of the basic materials company's stock, valued at approximately $2,274,000.

Several other large investors have also modified their holdings of the stock. Signature Equity Partners LLC increased its holdings in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock valued at $26,000 after buying an additional 123 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in ATI during the second quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in ATI during the third quarter valued at approximately $30,000. Provenance Wealth Advisors LLC bought a new position in ATI during the 3rd quarter worth approximately $37,000. Finally, V Square Quantitative Management LLC lifted its holdings in ATI by 71.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 220 shares of the basic materials company's stock worth $42,000 after buying an additional 92 shares during the last quarter.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Recent coverage points to strong earnings and higher estimates as support for ATI shares. In its latest reported quarter, ATI beat analyst expectations with EPS of $1.46 versus $1.37 and revenue of $1.42 billion versus $1.32 billion; revenue rose 26.5% year over year. ATI Stock Gets A Lift From Strong Earnings And Higher Estimates
• Positive Sentiment: Analyst views are bullish: Citigroup initiated coverage with a Buy rating and a $229 target, while KeyCorp maintained an Overweight rating and a $228 target. KeyCorp also forecasts EPS growth from $5.29 in FY2026 to $6.50 in FY2027, above the cited current-year consensus of about $5.20. Citigroup recommendations KeyCorp Comments on ATI's Q4 Earnings
• Positive Sentiment: ATI’s strong cash-flow growth, higher EBITDA guidance and disciplined buybacks could support debt reduction and shareholder returns. Can ATI Leverage Strong Cash Generation to Strengthen Returns?
• Neutral Sentiment: A Seeking Alpha article titled “ATI: Flying Too Close To The Sun” signals a cautious view, though the provided headline does not specify its supporting arguments. ATI: Flying Too Close To The Sun
• Neutral Sentiment: The U.S. sale clearance for Sherpa robots concerns ATI Robotics, not ATI Inc., and does not appear to be a direct catalyst for ATI shares. ATI Robotics products cleared for continued U.S. sale

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATI. Citigroup assumed coverage on ATI in a research report on Thursday. They issued a "buy" rating and a $229.00 target price for the company. Wells Fargo & Company dropped their price target on ATI from $275.00 to $240.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 30th. TD Cowen raised their price objective on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. KeyCorp decreased their price objective on shares of ATI from $258.00 to $228.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. Finally, BTIG Research lowered their target price on shares of ATI from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $222.22.

ATI Stock Performance

Shares of NYSE ATI opened at $175.33 on Monday. The company has a quick ratio of 1.27, a current ratio of 2.77 and a debt-to-equity ratio of 0.85. The firm's 50-day moving average price is $186.77 and its two-hundred day moving average price is $174.27. ATI Inc. has a 52-week low of $93.11 and a 52-week high of $243.57. The stock has a market capitalization of $23.81 billion, a P/E ratio of 43.83, a P/E/G ratio of 1.02 and a beta of 1.09.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Thursday, October 29th. The basic materials company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.37 by $0.09. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.32 billion. ATI had a return on equity of 32.30% and a net margin of 11.08%. The business's revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, sell-side analysts forecast that ATI Inc. will post 5.23 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Timothy Harris sold 9,000 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the transaction, the vice president owned 88,187 shares in the company, valued at $16,916,030.34. The trade was a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Morehouse sold 2,485 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the transaction, the director owned 35,826 shares of the company's stock, valued at approximately $7,222,879.86. The trade was a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 85,830 shares of company stock valued at $18,046,361. Insiders own 0.98% of the company's stock.

About ATI

ATI Inc produces specialty materials and components for aerospace and defense, energy, medical, and other industrial markets. Its materials include titanium and titanium alloys, nickel- and cobalt-based alloys, specialty stainless steels, and other engineered metals designed for demanding applications.

The company makes products such as sheet, plate, strip, and bar, along with precision forgings, castings, and engineered components. ATI serves customers worldwide through manufacturing and distribution operations in North America and other regions.

ATI was formed in 1996 as Allegheny Technologies Incorporated through the combination of Allegheny Ludlum and Teledyne's specialty metals businesses.

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