31,392 Shares in ATI Inc. $ATI Bought by Versor Investments LP

Key Points

• Versor Investments LP purchased a new stake of 31,392 shares in ATI Inc. valued at approximately $1,633,000 in the first quarter of the year.
• Recent analyst ratings for ATI indicate a consensus price target of $93.29, with three analysts recommending a hold and six indicating a buy.
• Insider trading activity has seen significant stock sales, including Director David J. Morehouse selling 7,900 shares and Chairman Robert S. Wetherbee selling 50,000 shares in early August.

Versor Investments LP bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,392 shares of the basic materials company's stock, valued at approximately $1,633,000.

A number of other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC increased its stake in shares of 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 during the period. Bessemer Group Inc. increased its holdings in ATI by 139.9% in the 1st 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 acquired a new position in ATI in the first quarter worth about $36,000. Headlands Technologies LLC bought a new position in ATI during the first quarter worth about $47,000. Finally, Fifth Third Bancorp raised its holdings in shares of ATI by 115.7% in the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock worth $58,000 after buying an additional 603 shares in the last quarter.

Analysts Set New Price Targets

ATI has been the subject of several recent analyst reports. Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. Zacks Research upgraded shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. Benchmark restated a "buy" rating and issued a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Barclays raised their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, BTIG Research set a $120.00 target price on ATI and gave the stock a "buy" rating in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Trading Down 0.8%

Shares of NYSE:ATI traded down $0.60 during trading on Tuesday, hitting $71.96. 2,005,044 shares of the company's stock were exchanged, compared to its average volume of 2,397,301. 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 cap of $9.92 billion, a P/E ratio of 24.99, a PEG ratio of 0.99 and a beta of 1.20. The firm has a 50-day moving average price of $84.21 and a two-hundred day moving average price of $68.73. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20.

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 for the quarter, beating the consensus estimate of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business posted $0.60 earnings per share. ATI's 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. Equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 completion of the sale, the director directly owned 44,777 shares of the company's stock, valued at $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total value of $3,733,000.00. Following the completion of the transaction, the chairman directly owned 306,538 shares in the company, valued at $22,886,127.08. The trade was a 14.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,900 shares of company stock valued at $12,610,399. 1.10% of the stock is owned by 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.