Los Angeles Capital Management LLC Buys Shares of 35,789 ATI Inc. $ATI

Los Angeles Capital Management LLC purchased a new position in shares of ATI Inc. (NYSE:ATI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 35,789 shares of the basic materials company’s stock, valued at approximately $3,090,000.

Several other large investors also recently added to or reduced their stakes in ATI. WPG Advisers LLC purchased a new stake in ATI during the first quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB raised its position 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 valued at $33,000 after purchasing an additional 171 shares during the period. Signaturefd LLC boosted its holdings in ATI by 117.7% in the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after buying an additional 206 shares during the period. Headlands Technologies LLC bought a new position in ATI in the 1st quarter worth approximately $47,000. Finally, Quarry LP boosted its holdings in ATI by 216.6% in the 1st quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock worth $92,000 after buying an additional 1,211 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATI. BTIG Research reissued a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Barclays boosted their price objective on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Zacks Research raised ATI to a “hold” rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.71.

ATI Price Performance

NYSE:ATI opened at $98.13 on Tuesday. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $103.64. The stock has a fifty day moving average of $84.39 and a 200 day moving average of $81.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.47 and a beta of 1.32.

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

Insider Buying and Selling

In other news, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.07, for a total value of $1,012,866.01. Following the transaction, the vice president owned 129,937 shares of the company’s stock, valued at $12,483,047.59. This represents a 7.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kimberly A. Fields sold 21,153 shares of the firm’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 sale, the chief executive officer owned 202,668 shares in the company, valued at approximately $17,403,101.16. This trade represents a 9.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 89,103 shares of company stock worth $7,431,946 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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.