PharVision Advisers LLC Acquires Shares of 5,563 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 acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,563 shares of the basic materials company's stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of ATI during the first quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its stake in shares of 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 buying an additional 304 shares during the period. Bessemer Group Inc. lifted its stake in shares of 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 buying an additional 386 shares during the period. Olde Wealth Management LLC purchased a new position in ATI during the first quarter worth approximately $36,000. Finally, Headlands Technologies LLC purchased a new position in ATI during the first quarter worth approximately $47,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Barclays increased their price target on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Citigroup raised shares of ATI to a "positive" rating in a research note on Tuesday, May 20th. Finally, Susquehanna cut 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $93.29.

Insiders Place Their Bets

In related news, Director David J. Morehouse sold 7,900 shares of the firm'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 approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's 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 sale, the chairman directly owned 306,538 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders have sold 107,900 shares of company stock valued at $8,528,399. Company insiders own 1.10% of the company's stock.

ATI Trading Down 0.2%

Shares of ATI stock traded down $0.17 during trading hours on Monday, hitting $77.46. The company's stock had a trading volume of 1,669,162 shares, compared to its average volume of 1,698,029. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The business has a fifty day moving average of $81.91 and a 200 day moving average of $70.18. The company has a market capitalization of $10.68 billion, a PE ratio of 26.90, a P/E/G ratio of 1.06 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92.

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

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.