Mirae Asset Global Investments Co. Ltd. Sells 6,082 Shares of ATI Inc. $ATI

Mirae Asset Global Investments Co. Ltd. lessened its holdings in ATI Inc. (NYSE:ATIFree Report) by 53.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,361 shares of the basic materials company’s stock after selling 6,082 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ATI were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Meeder Asset Management Inc. increased its holdings in ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of ATI by 56.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 260 shares during the last quarter. MAI Capital Management grew its position in shares of ATI by 38.6% during the 2nd 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 period. NewEdge Advisors LLC purchased a new stake in shares of ATI in the 2nd quarter worth $75,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of ATI in the 3rd quarter worth $91,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. BTIG Research lifted their price objective on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of ATI in a research note on Wednesday. Finally, Susquehanna set a $155.00 price objective on shares of ATI in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

View Our Latest Analysis on ATI

Insider Activity

In other ATI news, Chairman Robert S. Wetherbee sold 60,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy J. Harris sold 10,543 shares of ATI stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the completion of the transaction, the vice president directly owned 119,394 shares of the company’s stock, valued at $11,663,599.86. The trade was a 8.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 148,087 shares of company stock worth $15,131,989. 1.10% of the stock is currently owned by insiders.

ATI Trading Up 1.1%

Shares of ATI stock opened at $128.88 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $137.00. The stock’s 50-day moving average price is $115.83 and its 200-day moving average price is $95.54.

ATI (NYSE:ATIGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI News Roundup

Here are the key news stories impacting ATI this week:

ATI Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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