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

Osaic Holdings Inc. raised its holdings in shares of ATI Inc. (NYSE:ATI) by 82.5% during the 2nd quarter, according to its most recent filing 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cape Investment Advisory Inc. purchased a new position in ATI during the second quarter valued at $131,000. FORA Capital LLC purchased a new position in shares of ATI during the 2nd quarter valued at about $3,292,000. Tidal Investments LLC purchased a new position in shares of ATI during the 2nd quarter valued at about $389,000. Rafferty Asset Management LLC bought a new position in shares of ATI during the 2nd quarter valued at approximately $3,369,000. Finally, Scopus Asset Management L.P. purchased a new stake in ATI in the 2nd quarter worth approximately $8,502,000.

ATI Stock Down 0.3%

ATI opened at $116.60 on Tuesday. The firm has a 50-day simple moving average of $101.37 and a two-hundred day simple moving average of $88.63. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $117.48. The company has a market capitalization of $15.84 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.08. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATI has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of ATI from $118.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of ATI in a research note on Monday, December 15th. BTIG Research reiterated a “buy” rating and issued a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. Finally, Susquehanna upped their price objective on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.14.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the sale, the chairman owned 132,676 shares in the company, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the sale, the vice president directly owned 98,310 shares in the company, valued at approximately $9,622,582.80. The trade was a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 200,937 shares of company stock worth $19,696,526. 1.10% of the stock is owned by insiders.

About ATI

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.