ATI Inc. $ATI Shares Bought by Ionic Capital Management LLC

Key Points

• Ionic Capital Management LLC increased its holdings in ATI Inc. by 97.8% during the first quarter, owning 18,200 shares valued at $947,000 as of the quarter's end.
• Insider sales included Chairman Robert S. Wetherbee selling 50,000 shares for approximately $3.73 million, reflecting a 14.02% decrease in his stake.
• Research analysts have mixed ratings for ATI; KeyCorp downgraded its rating, while JPMorgan Chase raised its price target from $75.00 to $92.00, indicating a consensus rating of "Moderate Buy".

Ionic Capital Management LLC increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 97.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,200 shares of the basic materials company's stock after buying an additional 9,000 shares during the period. Ionic Capital Management LLC's holdings in ATI were worth $947,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC increased its stake in ATI by 2.3% in the first quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company's stock valued at $413,000 after purchasing an additional 176 shares during the last quarter. Maven Securities LTD grew its position in ATI by 4.4% in the 1st quarter. Maven Securities LTD now owns 5,848 shares of the basic materials company's stock valued at $304,000 after buying an additional 248 shares during the last quarter. Nisa Investment Advisors LLC grew its position in ATI by 1.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock valued at $898,000 after buying an additional 265 shares during the last quarter. Golden State Wealth Management LLC grew its position in ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after buying an additional 304 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in ATI by 139.9% in the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after buying an additional 386 shares during the last quarter.

ATI Price Performance

ATI stock traded down $2.62 during trading on Tuesday, hitting $74.88. The stock had a trading volume of 1,402,269 shares, compared to its average volume of 2,049,293. The company's 50 day moving average price is $81.91 and its two-hundred day moving average price is $70.18. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52.

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, topping analysts' consensus estimates of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company'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. On average, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $3,733,000.00. Following the sale, the chairman owned 306,538 shares of the company's stock, valued at $22,886,127.08. The trade was a 14.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,900 shares of company stock valued at $8,528,399 in the last quarter. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

ATI has been the topic of a number of analyst reports. Citigroup upgraded shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. BTIG Research set a $120.00 price objective on shares of ATI and gave the company a "buy" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $75.00 to $92.00 and gave the company 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.29.

About ATI

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.