Hsbc Holdings PLC Decreases Stock Holdings in ATI Inc. $ATI

Hsbc Holdings PLC trimmed its position in ATI Inc. (NYSE:ATI) by 80.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,722 shares of the basic materials company’s stock after selling 19,186 shares during the quarter. Hsbc Holdings PLC’s holdings in ATI were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC increased 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 during the period. Bessemer Group Inc. increased 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 during the period. Olde Wealth Management LLC purchased a new position in shares of ATI in the first quarter worth $36,000. Headlands Technologies LLC purchased a new position in ATI during the 1st quarter valued at $47,000. Finally, Fifth Third Bancorp increased its position in ATI by 115.7% during the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 603 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ATI. Zacks Research raised shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the company a “hold” rating in a research report on Tuesday, July 8th. Citigroup raised shares of ATI to a “positive” rating in a research report on Tuesday, May 20th. Susquehanna reduced their price objective on shares of ATI from $105.00 to $100.00 and set a “positive” rating on the stock in a research report on Friday, August 1st. 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 research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.29.

Insider Transactions at ATI

In related news, Director David J. Morehouse sold 7,900 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the transaction, the director owned 44,777 shares in the company, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $83.93, for a total transaction of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares in the company, valued at approximately $29,924,234.34. The trade was a 12.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,900 shares of company stock worth $8,528,399. 1.10% of the stock is currently owned by company insiders.

ATI Stock Performance

Shares of ATI stock opened at $77.16 on Friday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $96.20. The stock has a market cap of $10.64 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.27. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $82.28 and its 200-day moving average price is $69.82.

ATI (NYSE:ATI) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. On average, equities analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI Company 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.