Teza Capital Management LLC Makes New $420,000 Investment in ATI Inc. $ATI

Key Points

• Teza Capital Management LLC has acquired a new stake in ATI Inc., purchasing 8,073 shares valued at approximately $420,000 during the first quarter.
• Insider transactions included Chairman Robert S. Wetherbee selling 50,000 shares for over $4.1 million, resulting in a 12.3% decrease in his holdings.
• ATI reported a quarterly EPS of $0.74, exceeding analyst expectations, and has set FY 2025 guidance between $2.900 and $3.070 EPS.

Teza Capital Management LLC purchased a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,073 shares of the basic materials company's stock, valued at approximately $420,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in ATI in the first quarter worth approximately $29,000. Golden State Wealth Management LLC increased its holdings in ATI by 104.1% in 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 in the last quarter. Bessemer Group Inc. increased its holdings in ATI by 139.9% in 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 in the last quarter. Olde Wealth Management LLC bought a new stake in ATI in the first quarter worth approximately $36,000. Finally, Headlands Technologies LLC bought a new stake in ATI in the first quarter worth approximately $47,000.

ATI Stock Down 0.4%

Shares of NYSE ATI traded down $0.34 during mid-day trading on Thursday, reaching $76.05. 1,531,458 shares of the company's stock traded hands, compared to its average volume of 2,047,044. The stock has a market cap of $10.48 billion, a P/E ratio of 26.41, a PEG ratio of 1.02 and a beta of 1.27. The business has a 50-day simple moving average of $81.54 and a 200 day simple moving average of $70.25. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data 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 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 revenue was up 4.1% on a year-over-year basis. During the same period last year, the company 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. On average, analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Zacks Research upgraded ATI to a "hold" rating in a report on Tuesday, August 12th. Susquehanna reduced their target price on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research note on Friday, August 1st. BTIG Research set a $120.00 target price on ATI and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.29.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction 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 completion of the sale, the chairman owned 306,538 shares in the company, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the transaction, the director directly owned 44,777 shares in the company, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,841 shares of company stock worth $5,567,645 over the last three months. 1.10% of the stock is currently owned by insiders.

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.