Tema Etfs LLC Sells 45,572 Shares of ATI Inc. $ATI

Tema Etfs LLC lowered its position in shares of ATI Inc. (NYSE:ATI) by 39.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,654 shares of the basic materials company’s stock after selling 45,572 shares during the quarter. ATI makes up about 1.6% of Tema Etfs LLC’s investment portfolio, making the stock its 13th largest position. Tema Etfs LLC owned approximately 0.05% of ATI worth $6,100,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in ATI in the first quarter worth about $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 purchasing an additional 171 shares during the last quarter. Signaturefd LLC grew its position in shares of ATI by 117.7% during 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 stake in shares of ATI during the first quarter worth approximately $47,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of ATI by 56.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after buying an additional 260 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research raised shares of ATI to a “hold” rating in a report on Tuesday, August 12th. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, ATI has an average rating of “Moderate Buy” and an average price target of $103.00.

ATI Stock Performance

Shares of ATI stock opened at $100.38 on Friday. The stock’s fifty day simple moving average is $91.93 and its 200 day simple moving average is $84.98. 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 company has a market capitalization of $13.64 billion, a PE ratio of 32.48, a PEG ratio of 1.28 and a beta of 1.08. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $103.64.

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

Insiders Place Their Bets

In other ATI news, Chairman Robert S. Wetherbee sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the sale, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of 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 sold a total of 183,328 shares of company stock valued at $16,667,123 in the last quarter. 1.10% of the stock is owned by company 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.