Advisors Asset Management Inc. Sells 886 Shares of ATI Inc. $ATI

Advisors Asset Management Inc. lessened its holdings in ATI Inc. (NYSE:ATI) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,766 shares of the basic materials company’s stock after selling 886 shares during the quarter. Advisors Asset Management Inc.’s holdings in ATI were worth $4,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Amundi boosted its stake in shares of ATI by 38.5% in the 1st quarter. Amundi now owns 101,541 shares of the basic materials company’s stock valued at $4,963,000 after purchasing an additional 28,215 shares during the last quarter. Appian Way Asset Management LP bought a new position in shares of ATI in the 1st quarter valued at about $4,775,000. Dark Forest Capital Management LP bought a new position in shares of ATI in the 1st quarter valued at about $3,353,000. PDT Partners LLC boosted its stake in shares of ATI by 15.4% in the 1st quarter. PDT Partners LLC now owns 98,362 shares of the basic materials company’s stock valued at $5,118,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of ATI in the 1st quarter valued at about $12,954,000.

ATI Stock Performance

Shares of ATI stock opened at $77.48 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The company has a market capitalization of $10.68 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.27. The company’s 50 day moving average price is $82.09 and its two-hundred day moving average price is $69.92. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $96.20.

ATI (NYSE:ATI) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ATI shares. BTIG Research set a $120.00 target price on shares of ATI and gave the company a “buy” rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the stock a “hold” rating in a research note on Tuesday, July 8th. Susquehanna reduced their price objective on shares of ATI from $105.00 to $100.00 and set a “positive” rating on the stock in a research note on Friday, August 1st. Zacks Research raised shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Finally, Barclays lifted their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.29.

Insider Activity at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director directly owned 44,777 shares in the company, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chairman owned 306,538 shares in the company, valued at $22,886,127.08. This trade represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,900 shares of company stock worth $8,528,399 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.