ATI Inc. $ATI Stock Position Lessened by EFG Asset Management North America Corp.

Key Points

• EFG Asset Management North America Corp. reduced its stake in ATI Inc. by 23.0%, selling 10,458 shares and bringing its total holdings to 35,072 shares worth approximately $1.825 million.
• Analysts have raised price targets for ATI shares, with JPMorgan increasing its target from $75 to $92 and Barclays raising it from $75 to $90, reflecting strong demand for the company's stock.
• ATI reported earnings per share of $0.74 for the last quarter, slightly beating estimates and achieving a revenue growth of 4.1% year-over-year amidst a competitive market environment.

EFG Asset Management North America Corp. cut its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,072 shares of the basic materials company's stock after selling 10,458 shares during the period. EFG Asset Management North America Corp.'s holdings in ATI were worth $1,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased its stake in ATI by 4.7% during the 4th quarter. Stifel Financial Corp now owns 23,709 shares of the basic materials company's stock valued at $1,305,000 after purchasing an additional 1,075 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in ATI by 15.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 28,810 shares of the basic materials company's stock valued at $1,586,000 after acquiring an additional 3,844 shares during the last quarter. Northern Trust Corp grew its holdings in shares of ATI by 39.9% in the fourth quarter. Northern Trust Corp now owns 946,671 shares of the basic materials company's stock worth $52,105,000 after purchasing an additional 270,055 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in ATI by 111.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,523 shares of the basic materials company's stock valued at $469,000 after acquiring an additional 4,490 shares in the last quarter. Finally, Crestline Management LP bought a new stake in ATI in the fourth quarter valued at $1,216,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Susquehanna lowered their price target on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Barclays upped their price target on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. increased their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the company a "hold" rating in a research note on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $93.29.

Insider Activity at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the company'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 sale, the director owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the sale, the chairman owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their position. 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 90 days. Company insiders own 1.10% of the company's stock.

ATI Trading Down 0.2%

Shares of ATI traded down $0.17 during midday trading on Monday, reaching $77.46. The company had a trading volume of 1,669,162 shares, compared to its average volume of 1,698,029. The stock has a market cap of $10.68 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. The firm has a 50 day simple moving average of $81.91 and a 200-day simple moving average of $70.18. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Research analysts forecast 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.