Emerald Mutual Fund Advisers Trust Sells 169,768 Shares of ATI Inc. $ATI

Emerald Mutual Fund Advisers Trust lessened its position in ATI Inc. (NYSE:ATI) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,255 shares of the basic materials company’s stock after selling 169,768 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.13% of ATI worth $15,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake 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 worth $33,000 after buying an additional 171 shares in the last quarter. WPG Advisers LLC bought a new position in shares of ATI in the first quarter worth approximately $29,000. Golden State Wealth Management LLC lifted its stake in shares of ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock worth $31,000 after buying an additional 304 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock worth $34,000 after buying an additional 386 shares in the last quarter.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 21,153 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 202,668 shares of the company’s stock, valued at approximately $17,403,101.16. This represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the sale, the chairman directly owned 306,538 shares of the company’s stock, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 136,460 shares of company stock valued at $10,750,979. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ATI. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Susquehanna upped their target price on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. BTIG Research reissued a “buy” rating and set a $120.00 price objective on shares of ATI in a report on Wednesday. Finally, Barclays boosted their price objective on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.71.

ATI Stock Up 4.6%

ATI opened at $103.08 on Thursday. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average price of $80.84 and a 200-day moving average price of $78.09. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $103.64. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 1.41 and a beta of 1.29.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating 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 business 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 earnings per share. 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. Q4 2025 guidance at 0.840-0.90 EPS. Equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

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.