Marshall Wace LLP Reduces Holdings in ATI Inc. $ATI

Marshall Wace LLP reduced its position in ATI Inc. (NYSE:ATI) by 57.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 259,392 shares of the basic materials company’s stock after selling 349,192 shares during the quarter. Marshall Wace LLP owned about 0.19% of ATI worth $22,396,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ATI. WPG Advisers LLC purchased a new position in shares of ATI in the first quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 171 shares during the last quarter. Signaturefd LLC raised its holdings in ATI by 117.7% in the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 206 shares during the last quarter. Headlands Technologies LLC purchased a new position in ATI in the 1st quarter worth approximately $47,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of ATI by 56.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 260 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Susquehanna increased their price target on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. Finally, Zacks Research raised shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.00.

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the sale, the senior vice president owned 21,274 shares in the company, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total value of $1,031,850.96. Following the transaction, the vice president directly owned 98,310 shares in the company, valued at approximately $9,622,582.80. The trade was a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 167,387 shares of company stock worth $15,431,377 over the last quarter. Company insiders own 1.10% of the company’s stock.

ATI Stock Down 1.1%

Shares of ATI opened at $99.35 on Tuesday. The company’s 50-day moving average price is $92.68 and its 200 day moving average price is $85.45. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $103.64. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The firm has a market cap of $13.50 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. ATI’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, sell-side analysts forecast 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.