Maryland State Retirement & Pension System Sells 49,314 Shares of ATI Inc. $ATI

Maryland State Retirement & Pension System reduced its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,766 shares of the basic materials company's stock after selling 49,314 shares during the period. Maryland State Retirement & Pension System's holdings in ATI were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Townsquare Capital LLC lifted its holdings in ATI by 43.1% during the fourth quarter. Townsquare Capital LLC now owns 6,117 shares of the basic materials company's stock worth $337,000 after acquiring an additional 1,842 shares during the period. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 6,418 shares during the last quarter. Guggenheim Capital LLC lifted its position in ATI by 39.9% in the fourth quarter. Guggenheim Capital LLC now owns 31,917 shares of the basic materials company's stock valued at $1,757,000 after purchasing an additional 9,109 shares during the last quarter. Gabelli Funds LLC purchased a new position in ATI during the 4th quarter valued at about $798,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of ATI by 58.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 202,808 shares of the basic materials company's stock worth $11,163,000 after purchasing an additional 74,608 shares during the period.

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the completion of the sale, the chairman owned 356,538 shares of the company's stock, valued at approximately $29,924,234.34. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the sale, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,900 shares of company stock worth $12,610,399 over the last 90 days. Company insiders own 1.10% of the company's stock.

ATI Price Performance

Shares of ATI stock traded up $0.7350 during mid-day trading on Thursday, reaching $72.0750. 581,444 shares of the stock were exchanged, compared to its average volume of 2,068,368. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The firm has a 50-day simple moving average of $83.96 and a 200 day simple moving average of $68.74.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $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. On average, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the topic of several recent analyst reports. Barclays increased their price objective on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Zacks Research upgraded shares of ATI to a "hold" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price target on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Susquehanna dropped their price target on shares of ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock 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.