Mutual of America Capital Management LLC Lowers Stock Position in ATI Inc. $ATI

Key Points

• Mutual of America Capital Management LLC reduced its stake in ATI Inc. by 4.4%, now owning 70,155 shares valued at approximately $6.06 million.
• Insider transactions include Director David J. Morehouse and CEO Kimberly A. Fields selling significant shares, reducing their holdings by 15% and 9.45% respectively.
• Analysts show a mostly positive outlook for ATI, with seven having a "buy" rating and a consensus price target of $90.86, while recent trading saw a 3.6% increase in stock price.

Mutual of America Capital Management LLC decreased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,155 shares of the basic materials company's stock after selling 3,260 shares during the quarter. Mutual of America Capital Management LLC's holdings in ATI were worth $6,057,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ATI. WPG Advisers LLC purchased a new stake in shares of ATI during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC boosted its stake in shares of ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after acquiring an additional 304 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of ATI by 79.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company's stock worth $33,000 after acquiring an additional 171 shares in the last quarter. Signaturefd LLC boosted its stake in shares of ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company's stock worth $33,000 after acquiring an additional 206 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after acquiring an additional 386 shares in the last quarter.

Insider Activity

In other news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kimberly A. Fields sold 21,153 shares of the business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the sale, the chief executive officer directly owned 202,668 shares of the company's stock, valued at $17,403,101.16. This represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,460 shares of company stock valued at $10,750,979 in the last ninety days. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BTIG Research reissued a "buy" rating and set a $120.00 price target on shares of ATI in a research note on Friday, September 12th. Zacks Research upgraded ATI to a "hold" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. Finally, Susquehanna cut their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.86.

ATI Trading Up 3.6%

Shares of ATI opened at $84.37 on Wednesday. The stock has a fifty day moving average of $78.50 and a two-hundred day moving average of $75.90. 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 company has a market capitalization of $11.63 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.29. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20.

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

ATI Company 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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