Ieq Capital LLC cut its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 70.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,001 shares of the basic materials company's stock after selling 14,124 shares during the period. Ieq Capital LLC's holdings in ATI were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of ATI. The Manufacturers Life Insurance Company raised 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 valued at $1,586,000 after purchasing an additional 3,844 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in ATI by 111.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,523 shares of the basic materials company's stock valued at $469,000 after purchasing an additional 4,490 shares in the last quarter. Crestline Management LP bought a new stake in ATI during the 4th quarter valued at $1,216,000. D. E. Shaw & Co. Inc. raised its position in ATI by 14.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,463,613 shares of the basic materials company's stock valued at $80,557,000 after purchasing an additional 181,272 shares in the last quarter. Finally, Ethic Inc. raised its position in ATI by 72.1% during the 4th quarter. Ethic Inc. now owns 36,212 shares of the basic materials company's stock valued at $1,993,000 after purchasing an additional 15,168 shares in the last quarter.
ATI Stock Down 0.4%
ATI stock traded down $0.34 on Thursday, hitting $76.05. 1,531,458 shares of the company's stock were exchanged, compared to its average volume of 1,650,864. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $96.20. The firm has a 50 day moving average price of $81.33 and a two-hundred day moving average price of $70.39. 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 stock has a market cap of $10.48 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.27.
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 for the quarter, topping the consensus estimate of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm's revenue for the quarter 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, equities research analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ATI. BTIG Research set a $120.00 target price on ATI and gave the company a "buy" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their target price on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Barclays boosted their price target on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Citigroup raised ATI to a "positive" 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 company. According to MarketBeat.com, ATI currently has an average rating of "Moderate Buy" and a consensus target price of $93.29.
Get Our Latest Report on ATI
Insider Buying and Selling at ATI
In other ATI news, 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 sale, the chairman owned 306,538 shares in the company, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,841 shares of company stock worth $5,567,645. 1.10% of the stock is currently owned by insiders.
About ATI
(
Free Report)
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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