Nebula Research & Development LLC Increases Stock Position in ATI Inc. $ATI

Nebula Research & Development LLC boosted its stake in ATI Inc. (NYSE:ATI) by 117.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,259 shares of the basic materials company’s stock after buying an additional 18,479 shares during the quarter. Nebula Research & Development LLC’s holdings in ATI were worth $2,958,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of ATI by 117.7% during the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 206 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 in the last quarter. WPG Advisers LLC purchased a new position in ATI in the 1st quarter valued at about $29,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of ATI by 56.5% during 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 last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of ATI during the second quarter worth about $75,000.

Insiders Place Their Bets

In other 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 completion of the sale, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the sale, the senior vice president owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. This trade represents a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 167,387 shares of company stock worth $15,431,377. Company insiders own 1.10% of the company’s stock.

ATI Stock Performance

Shares of ATI stock opened at $104.65 on Thursday. 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 cap of $14.22 billion, a PE ratio of 33.87, a P/E/G ratio of 1.29 and a beta of 1.08. The company’s fifty day simple moving average is $93.48 and its 200-day simple moving average is $85.75. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $105.72.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm’s revenue 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. As a group, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ATI shares. BTIG Research reissued a “buy” rating and set a $120.00 price objective on shares of ATI in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a research note on Wednesday, October 8th. KeyCorp upgraded 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. Susquehanna upped their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ATI in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

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.