Teza Capital Management LLC Invests $420,000 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 bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,073 shares of the basic materials company's stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATI. Petrus Trust Company LTA acquired a new stake in ATI during the 1st quarter worth approximately $278,000. PharVision Advisers LLC acquired a new stake in ATI during the 1st quarter worth approximately $289,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ATI by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,879 shares of the basic materials company's stock worth $52,647,000 after purchasing an additional 56,609 shares during the last quarter. Ionic Capital Management LLC lifted its holdings in ATI by 97.8% during the 1st quarter. Ionic Capital Management LLC now owns 18,200 shares of the basic materials company's stock worth $947,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in ATI during the 1st quarter worth approximately $4,240,000.

Analyst Ratings Changes

ATI has been the subject of several analyst reports. Susquehanna dropped their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. BTIG Research reaffirmed a "buy" rating and issued a $120.00 price objective on shares of ATI in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.29.

Insider Buying and Selling

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman directly owned 306,538 shares of the company's stock, valued at $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was 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 of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,841 shares of company stock valued at $5,567,645. 1.10% of the stock is owned by company insiders.

ATI Trading Up 0.5%

Shares of ATI stock traded up $0.35 on Friday, hitting $76.33. 1,374,474 shares of the company's stock traded hands, compared to its average volume of 1,645,027. ATI Inc. has a one year low of $39.23 and a one 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. The company has a fifty day moving average of $81.12 and a two-hundred day moving average of $70.62. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $0.60 EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. 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, sell-side analysts expect that ATI Inc. will post 2.89 earnings per share 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.