Oak Thistle LLC Reduces Position in ATI Inc. $ATI

Oak Thistle LLC decreased its holdings in ATI Inc. (NYSE:ATI) by 65.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,325 shares of the basic materials company’s stock after selling 14,002 shares during the period. Oak Thistle LLC’s holdings in ATI were worth $596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ATI. WPG Advisers LLC bought a new stake in shares of ATI in the first quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 purchasing an additional 171 shares during the last quarter. Signaturefd LLC boosted its holdings in ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 206 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in ATI by 56.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 260 shares during the period. Finally, MAI Capital Management grew its position in ATI by 38.6% in the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 242 shares during the period.

ATI Stock Up 3.2%

ATI stock opened at $113.26 on Friday. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $113.57. 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 stock has a market cap of $15.39 billion, a P/E ratio of 36.65, a PEG ratio of 1.40 and a beta of 1.08. The business’s 50-day moving average price is $97.28 and its 200-day moving average price is $87.18.

ATI (NYSE:ATI) last released its 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. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. 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, equities research analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity

In other news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the sale, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kimberly A. Fields sold 21,153 shares of ATI 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 approximately $17,403,101.16. This trade represents a 9.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 221,249 shares of company stock valued at $21,328,189. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ATI. JPMorgan Chase & Co. increased their price target on ATI from $118.00 to $135.00 and gave the company an “overweight” rating in a report on Friday. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research report on Thursday, November 13th. BTIG Research reaffirmed a “buy” rating and set a $120.00 price target on shares of ATI in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a report on Wednesday, October 8th. Finally, Susquehanna boosted their target price on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.14.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.