Gamco Investors INC. ET AL Has $20.90 Million Holdings in ATI Inc. $ATI

Key Points

• Gamco Investors INC. ET AL reduced its stake in ATI Inc. by 1.0%, holding approximately $20.9 million worth of shares after selling 4,000 shares in the first quarter.
• Analysts have mixed ratings for ATI, with a price target increase from JPMorgan Chase & Co., raising it from $75.00 to $92.00, while Citigroup assigned a "positive" rating.
• Insider selling included Chairman Robert S. Wetherbee offloading 50,000 shares for $3.73 million, highlighting notable changes in insider ownership.

Gamco Investors INC. ET AL cut its stake in ATI Inc. (NYSE:ATI - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 401,700 shares of the basic materials company's stock after selling 4,000 shares during the period. Gamco Investors INC. ET AL owned approximately 0.28% of ATI worth $20,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATI. Barclays PLC boosted its stake in ATI by 12.2% in the 4th quarter. Barclays PLC now owns 58,959 shares of the basic materials company's stock worth $3,245,000 after purchasing an additional 6,418 shares during the period. Stifel Financial Corp boosted its stake in ATI by 4.7% in the 4th quarter. Stifel Financial Corp now owns 23,709 shares of the basic materials company's stock worth $1,305,000 after purchasing an additional 1,075 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in ATI by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,128,962 shares of the basic materials company's stock worth $62,139,000 after purchasing an additional 5,663 shares during the period. Voya Investment Management LLC lifted its position in ATI by 22.6% during the 4th quarter. Voya Investment Management LLC now owns 58,191 shares of the basic materials company's stock worth $3,203,000 after buying an additional 10,735 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in ATI by 15.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,810 shares of the basic materials company's stock worth $1,586,000 after buying an additional 3,844 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup raised shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted 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. Finally, 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. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.29.

ATI Stock Up 4.5%

Shares of ATI stock opened at $76.49 on Wednesday. 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 firm's 50-day moving average is $83.09 and its 200-day moving average is $69.09. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.00 and a beta of 1.20. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 9.26% and a return on equity of 21.34%. ATI's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. Sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction dated 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 transaction, the chairman directly owned 306,538 shares of the company's stock, valued at $22,886,127.08. This represents a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the transaction, the director directly owned 44,777 shares in the company, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,900 shares of company stock worth $12,610,399. 1.10% of the stock is owned by insiders.

ATI 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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