Counterpoint Mutual Funds LLC Invests $338,000 in ATI Inc. $ATI

Key Points

• Counterpoint Mutual Funds LLC has invested approximately $338,000 in ATI Inc. by purchasing 3,915 shares during the second quarter.
• Insider selling occurred with CEO Kimberly A. Fields selling 20,312 shares for about $1.63 million, reducing her ownership by 7.66%.
• Wall Street analysts maintain a generally positive view on ATI, with a consensus rating of “Moderate Buy” and an average price target of $93.29.

Counterpoint Mutual Funds LLC purchased a new position in ATI Inc. (NYSE:ATI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,915 shares of the basic materials company's stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATI. Forest Avenue Capital Management LP purchased a new stake in shares of ATI in the first quarter worth about $44,867,000. Senator Investment Group LP lifted its holdings in shares of 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 worth $63,086,000 after buying an additional 493,944 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of ATI in the first quarter worth about $21,807,000. Northern Trust Corp lifted its holdings in shares of ATI by 33.4% in the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock worth $65,701,000 after buying an additional 316,090 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of ATI by 35.5% in the first quarter. Neuberger Berman Group LLC now owns 1,132,296 shares of the basic materials company's stock worth $58,913,000 after buying an additional 296,634 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Susquehanna decreased their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research report on Friday, August 1st. Barclays upped their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their price objective 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. Finally, Zacks Research upgraded shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.29.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 20,312 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $80.33, for a total transaction of $1,631,662.96. Following the transaction, the chief executive officer directly owned 244,975 shares in the company, valued at $19,678,841.75. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the 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 sale, the chairman directly owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. This trade represents a 14.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,153 shares of company stock worth $7,199,308 over the last ninety days. Insiders own 1.10% of the company's stock.

ATI Stock Down 1.2%

Shares of NYSE ATI opened at $77.15 on Thursday. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. The firm's 50 day simple moving average is $79.53 and its two-hundred day simple moving average is $71.73. The stock has a market capitalization of $10.63 billion, a P/E ratio of 26.79, a PEG ratio of 1.07 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the business earned $0.60 earnings per share. The business's quarterly revenue was up 4.1% on a year-over-year basis. 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 expect that ATI Inc. will post 2.89 EPS for the current fiscal 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.

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