PharVision Advisers LLC Invests $289,000 in ATI Inc. $ATI

Key Points

• PharVision Advisers LLC has acquired a new position in ATI Inc. by purchasing 5,563 shares valued at approximately $289,000 during the first quarter.
• ATI's latest quarterly earnings report showed $0.74 earnings per share (EPS), which surpassed the consensus estimate of $0.72, while the revenue was reported at $1.14 billion, slightly below expectations.
• Insider trading activity included Director David J. Morehouse and Chairman Robert S. Wetherbee selling significant portions of their shares, with total insider sales reaching approximately $8.5 million over the last 90 days.

PharVision Advisers LLC purchased a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,563 shares of the basic materials company's stock, valued at approximately $289,000.

A number of other large investors have also made changes to their positions in ATI. WPG Advisers LLC purchased a new position in ATI during the first quarter valued at approximately $29,000. Golden State Wealth Management LLC grew its position in ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares in the last quarter. Bessemer Group Inc. grew its position in ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 shares in the last quarter. Olde Wealth Management LLC purchased a new position in ATI during the first quarter valued at approximately $36,000. Finally, Headlands Technologies LLC bought a new stake in ATI in the first quarter worth approximately $47,000.

ATI Stock Performance

NYSE:ATI traded down $0.18 during trading hours on Thursday, hitting $76.21. 622,475 shares of the company traded hands, compared to its average volume of 2,041,429. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.02 and a beta of 1.27. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The firm has a 50-day moving average of $81.54 and a 200 day moving average of $70.25. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $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, analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 15,941 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $77.52, for a total value of $1,235,746.32. Following the completion of the transaction, the chief executive officer owned 265,287 shares in the company, valued at approximately $20,565,048.24. This represents a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the transaction, the chairman owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,841 shares of company stock worth $5,567,645. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ATI. BTIG Research set a $120.00 target price on shares of ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Susquehanna decreased their target price on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Citigroup raised shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. Barclays boosted their target price 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. Finally, KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ATI presently has an average rating of "Moderate Buy" and a consensus target price 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.