Osaic Holdings Inc. Acquires 9,634 Shares of ATI Inc. $ATI

Osaic Holdings Inc. boosted its stake in shares of ATI Inc. (NYSE:ATI) by 82.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,305 shares of the basic materials company’s stock after acquiring an additional 9,634 shares during the quarter. Osaic Holdings Inc.’s holdings in ATI were worth $1,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATI. WPG Advisers LLC bought a new stake in shares of ATI in the 1st quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB lifted its position 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 buying an additional 171 shares during the last quarter. Signaturefd LLC lifted its position 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 buying an additional 206 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in 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 period. Finally, MAI Capital Management increased its position in ATI by 38.6% during the second quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 242 shares during the last quarter.

ATI Price Performance

Shares of ATI stock opened at $116.60 on Tuesday. The company has a market capitalization of $15.84 billion, a P/E ratio of 37.73, a P/E/G ratio of 1.49 and a beta of 1.08. The company’s 50-day simple moving average is $101.37 and its two-hundred day simple moving average is $88.63. ATI Inc. has a one year low of $39.23 and a one year high of $117.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.18.

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, beating analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.ATI’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ATI. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. BTIG Research reissued a “buy” rating and issued a $120.00 price objective on shares of ATI in a research note on Wednesday, October 29th. Susquehanna upped their target price on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Finally, KeyCorp upgraded ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, ATI has an average rating of “Moderate Buy” and a consensus target price of $109.14.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the completion of the sale, the senior vice president directly owned 21,274 shares of the company’s stock, valued at $1,984,013.24. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $5,900,400.00. Following the transaction, the chairman directly owned 246,538 shares in the company, valued at $24,244,546.92. This trade represents a 19.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 200,937 shares of company stock worth $19,696,526 over the last quarter. 1.10% of the stock is owned by corporate insiders.

ATI Profile

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.