AlphaQuest LLC Has $498,000 Stock Position in ATI Inc. $ATI

AlphaQuest LLC raised its holdings in ATI Inc. (NYSE:ATI) by 3.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,772 shares of the basic materials company’s stock after buying an additional 170 shares during the quarter. AlphaQuest LLC’s holdings in ATI were worth $498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in ATI by 11.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after buying an additional 128 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ATI by 10.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock valued at $126,000 after buying an additional 143 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in ATI by 3.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,322 shares of the basic materials company’s stock valued at $373,000 after buying an additional 144 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew 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 buying an additional 171 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in ATI by 2.3% in the 1st quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company’s stock valued at $413,000 after buying an additional 176 shares during the last quarter.

ATI Price Performance

ATI stock opened at $98.49 on Wednesday. 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 market capitalization of $13.58 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. ATI Inc. has a one year low of $39.23 and a one year high of $103.64. The business has a 50 day simple moving average of $80.21 and a 200 day simple moving average of $77.70.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.ATI’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. On average, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

ATI has been the topic of a number of research analyst reports. Barclays raised their target price on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Susquehanna lowered their target price on ATI from $105.00 to $100.00 and set a “positive” rating on the stock in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded ATI to a “hold” rating in a research report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.86.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 21,154 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the completion of the transaction, the chief executive officer owned 223,821 shares in the company, valued at $18,360,036.63. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $3,733,000.00. Following the transaction, the chairman owned 306,538 shares of the company’s stock, valued at $22,886,127.08. This trade represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 136,460 shares of company stock worth $10,750,979 in the last 90 days. 1.10% of the stock is owned by company 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.