3,290 Shares in ATI Inc. $ATI Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in ATI Inc. (NYSE:ATI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,290 shares of the basic materials company’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fifth Third Bancorp raised its position in ATI by 11.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock worth $108,000 after buying an additional 128 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of ATI by 10.9% in the second quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 143 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 171 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of ATI by 2.3% during the first quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in ATI by 12.2% during the second quarter. UMB Bank n.a. now owns 1,771 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 192 shares during the period.

ATI Stock Down 1.2%

Shares of NYSE:ATI opened at $80.24 on Friday. The company has a 50-day moving average price of $78.15 and a 200 day moving average price of $75.39. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $96.20. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.20 and a beta of 1.29.

ATI (NYSE:ATI) last issued 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. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. 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, equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ATI. Zacks Research raised ATI to a “hold” rating in a report on Tuesday, August 12th. Barclays raised their price objective on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Susquehanna dropped their price target on shares of ATI from $105.00 to $100.00 and set a “positive” rating for the company in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research report on Wednesday, October 8th. Finally, BTIG Research reissued a “buy” rating and set a $120.00 price target on shares of ATI in a report on Friday, September 12th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.86.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 21,153 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the transaction, the chief executive officer owned 202,668 shares in the company, valued at $17,403,101.16. This trade represents a 9.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,460 shares of company stock worth $10,750,979 over the last three months. 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.