Profund Advisors LLC Invests $282,000 in ATI Inc. $ATI

Profund Advisors LLC acquired a new position in ATI Inc. (NYSE:ATI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,268 shares of the basic materials company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATI. WPG Advisers LLC purchased a new position in shares of ATI during the 1st quarter worth $29,000. MassMutual Private Wealth & Trust FSB raised 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 worth $33,000 after purchasing an additional 171 shares during the period. Signaturefd LLC lifted its position in 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 purchasing an additional 206 shares in the last quarter. Headlands Technologies LLC bought a new stake in ATI during the first quarter valued at about $47,000. Finally, Quarry LP increased its position in ATI by 216.6% in the first quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock worth $92,000 after buying an additional 1,211 shares in the last quarter.

ATI Price Performance

Shares of NYSE:ATI opened at $99.32 on Friday. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 1.47 and a beta of 1.32. The firm has a fifty day moving average price of $86.10 and a 200 day moving average price of $82.04. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $103.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. As a group, sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays lifted their price objective on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research report on Thursday. Susquehanna raised their price objective 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ATI has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 21,154 shares of ATI stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $82.03, for a total value of $1,735,262.62. Following the sale, the chief executive officer owned 223,821 shares of the company’s stock, valued at $18,360,036.63. The trade was a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total value of $1,029,945.67. Following the transaction, the vice president owned 119,394 shares of the company’s stock, valued at $11,663,599.86. This represents a 8.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 99,646 shares of company stock valued at $8,461,892. 1.10% of the stock is owned by corporate 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.