MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 56,609 Shares of ATI Inc. $ATI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ATI Inc. by 5.9% during the first quarter, acquiring 56,609 additional shares, which brings their total holdings to 1,011,879 shares valued at approximately $52.65 million.
• Insider transactions included Chairman Robert S. Wetherbee selling 50,000 shares for $3.73 million, marking a 14.02% decrease in his ownership, while Director David J. Morehouse sold 7,900 shares valued at $598,899.
• ATI reported a quarterly earnings per share of $0.74, beating estimates of $0.72, with revenue of $1.14 billion, although it fell slightly short of the $1.15 billion analysts expected.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ATI Inc. (NYSE:ATI - Free Report) by 5.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,011,879 shares of the basic materials company's stock after buying an additional 56,609 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.72% of ATI worth $52,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ionic Capital Management LLC raised its position in shares of ATI by 97.8% in the 1st quarter. Ionic Capital Management LLC now owns 18,200 shares of the basic materials company's stock valued at $947,000 after buying an additional 9,000 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of ATI in the 1st quarter valued at approximately $4,240,000. Cinctive Capital Management LP raised its position in shares of ATI by 68.9% in the 1st quarter. Cinctive Capital Management LP now owns 24,435 shares of the basic materials company's stock valued at $1,271,000 after buying an additional 9,972 shares in the last quarter. Alta Fox Capital Management LLC acquired a new position in shares of ATI in the 1st quarter valued at approximately $11,254,000. Finally, Amundi raised its position in shares of ATI by 38.5% in the 1st quarter. Amundi now owns 101,541 shares of the basic materials company's stock valued at $4,963,000 after buying an additional 28,215 shares in the last quarter.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director directly owned 44,777 shares of the company's stock, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred on 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 directly owned 306,538 shares in the company, valued at $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,900 shares of company stock worth $8,528,399 over the last three months. Insiders own 1.10% of the company's stock.

ATI Trading Down 0.2%

ATI traded down $0.17 during trading on Monday, reaching $77.46. 1,669,162 shares of the company's stock were exchanged, compared to its average volume of 1,698,029. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. 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 stock has a market capitalization 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 firm has a fifty day moving average price of $81.91 and a two-hundred day moving average price of $70.18.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. 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 forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the company a "hold" rating in a research report on Tuesday, July 8th. Barclays upped their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. upped their price objective 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 objective on shares of ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $93.29.

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.