FORA Capital LLC Acquires New Holdings in ATI Inc. $ATI

FORA Capital LLC bought a new position in ATI Inc. (NYSE:ATI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,127 shares of the basic materials company’s stock, valued at approximately $3,292,000.

Several other large investors also recently made changes to their positions in ATI. WPG Advisers LLC acquired a new position in shares of ATI during the first quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB raised its stake in ATI by 79.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 171 shares in the last quarter. Signaturefd LLC boosted its position in ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 206 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of ATI by 56.5% in the second 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 in the last quarter. Finally, MAI Capital Management increased its holdings in shares of 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 purchasing an additional 242 shares during the period.

ATI Stock Performance

Shares of ATI opened at $108.86 on Friday. The firm’s 50 day moving average is $94.59 and its 200-day moving average is $86.20. The stock has a market capitalization of $14.79 billion, a P/E ratio of 35.23, a P/E/G ratio of 1.42 and a beta of 1.08. 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 Inc. has a 12-month low of $39.23 and a 12-month high of $111.21.

ATI (NYSE:ATI) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior 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. Equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 value of $242,289.48. Following the transaction, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total value of $5,900,400.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 167,387 shares of company stock valued at $15,431,377. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price objective on shares of ATI in a report on Wednesday, October 29th. Susquehanna boosted their price target on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. KeyCorp raised 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 note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ATI in a report on Tuesday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

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.