Twin Tree Management LP Makes New $276,000 Investment in ATI Inc. $ATI

Key Points

• Twin Tree Management LP has made a new investment of approximately $276,000 in ATI Inc., acquiring 5,309 shares during the first quarter.
• Insider trading activity shows Chairman Robert S. Wetherbee sold 50,000 shares for around $3.73 million, marking a 14% decrease in his ownership stake.
• Several analysts have upgraded and downgraded ATI’s stock, with a current consensus rating of "Moderate Buy" and an average price target of $93.29.

Twin Tree Management LP acquired a new position in shares of ATI Inc. (NYSE:ATI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,309 shares of the basic materials company's stock, valued at approximately $276,000.

A number of other hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its holdings in ATI by 2.3% during the 1st quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company's stock worth $413,000 after acquiring an additional 176 shares during the last quarter. Maven Securities LTD boosted its holdings in shares of ATI by 4.4% in the 1st quarter. Maven Securities LTD now owns 5,848 shares of the basic materials company's stock worth $304,000 after buying an additional 248 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of ATI by 1.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock worth $898,000 after buying an additional 265 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of ATI by 139.9% in the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after buying an additional 386 shares during the last quarter.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated 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 sale, the chairman directly owned 306,538 shares in the company, valued at $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 is available at this link. Also, Director David J. Morehouse sold 7,900 shares of the company's 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 sale, the director owned 44,777 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 107,900 shares of company stock worth $8,528,399. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citigroup raised shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, Barclays boosted their price target on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ATI currently has a consensus rating of "Moderate Buy" and an average price target of $93.29.

ATI Trading Down 1.2%

Shares of ATI stock opened at $77.54 on Tuesday. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20. The stock's 50-day simple moving average is $82.70 and its 200 day simple moving average is $69.60. The stock has a market capitalization of $10.69 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52.

ATI (NYSE:ATI - Get Free Report) last announced 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. 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 analysts' expectations of $1.15 billion. During the same period in the previous year, the business posted $0.60 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. 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, research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

ATI Company 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.

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