Roubaix Capital LLC Buys New Holdings in ATI Inc. $ATI

Key Points

• Roubaix Capital LLC invested approximately $3.97 million in ATI Inc., purchasing 76,325 shares, which now constitutes about 2.1% of its portfolio and is its 22nd largest holding.
• A number of institutional investors, including Golden State Wealth Management LLC and Bessemer Group Inc., have significantly increased their stakes in ATI, indicating strong interest in the company's stock.
• Analysts have given ATI a consensus rating of "Moderate Buy", with a target price of approximately $93.29, noting recent upward adjustments in price targets by various firms such as Barclays.

Roubaix Capital LLC purchased a new position in shares of ATI Inc. (NYSE:ATI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 76,325 shares of the basic materials company's stock, valued at approximately $3,971,000. ATI accounts for about 2.1% of Roubaix Capital LLC's investment portfolio, making the stock its 22nd biggest holding. Roubaix Capital LLC owned 0.05% of ATI at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ATI. Golden State Wealth Management LLC raised its position 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 worth $31,000 after purchasing an additional 304 shares during the period. Bessemer Group Inc. raised its position 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 worth $34,000 after purchasing an additional 386 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of ATI during the first quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in shares of ATI during the first quarter worth about $47,000. Finally, Fifth Third Bancorp raised its position in shares of ATI by 115.7% during the first quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock worth $58,000 after purchasing an additional 603 shares during the period.

ATI Stock Up 2.7%

Shares of ATI stock traded up $1.9550 on Friday, hitting $73.7550. 630,641 shares of the stock were exchanged, compared to its average volume of 2,062,381. 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 firm has a market capitalization of $10.17 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. The business has a 50-day moving average of $83.72 and a 200 day moving average of $68.84. 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 released its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.14 billion for 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ATI shares. JPMorgan Chase & Co. raised their price target on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. BTIG Research set a $120.00 price target on ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Citigroup raised ATI to a "positive" rating in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Finally, Barclays upped their price objective on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.29.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the sale, the chairman 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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 in the company, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,900 shares of company stock worth $12,610,399. 1.10% of the stock is owned by company insiders.

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.