Hudson Bay Capital Management LP Sells 65,342 Shares of ATI Inc. $ATI

Hudson Bay Capital Management LP lowered its stake in shares of ATI Inc. (NYSE:ATI) by 24.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 206,803 shares of the basic materials company’s stock after selling 65,342 shares during the period. Hudson Bay Capital Management LP owned approximately 0.15% of ATI worth $17,855,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FORA Capital LLC bought a new stake in ATI during the second quarter worth $3,292,000. Tidal Investments LLC bought a new stake in shares of ATI during the 2nd quarter worth $389,000. Rafferty Asset Management LLC purchased a new position in shares of ATI in the 2nd quarter worth about $3,369,000. Scopus Asset Management L.P. bought a new position in ATI during the second quarter valued at about $8,502,000. Finally, Oxford Asset Management LLP increased its holdings in ATI by 72.3% during the second quarter. Oxford Asset Management LLP now owns 8,421 shares of the basic materials company’s stock worth $727,000 after buying an additional 3,534 shares during the last quarter.

Analyst Ratings Changes

ATI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ATI in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a report on Wednesday, October 8th. Susquehanna increased their target price on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. BTIG Research reissued a “buy” rating and issued a $120.00 price target on shares of ATI in a research report on Wednesday, October 29th. Finally, 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. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 21,153 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total value of $1,816,408.11. Following the completion of the transaction, the chief executive officer directly owned 202,668 shares in the company, valued at approximately $17,403,101.16. This represents a 9.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total value of $5,900,400.00. Following the transaction, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. This represents a 19.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 167,387 shares of company stock worth $15,431,377. Corporate insiders own 1.10% of the company’s stock.

ATI Price Performance

ATI stock opened at $108.86 on Monday. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.39 and a beta of 1.08. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $94.59 and a 200 day simple moving average of $86.24. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $111.21.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. 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, research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.