Edgestream Partners L.P. Purchases 5,536 Shares of ATI Inc. $ATI

Edgestream Partners L.P. increased its position in shares of ATI Inc. (NYSE:ATI) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,843 shares of the basic materials company’s stock after purchasing an additional 5,536 shares during the period. Edgestream Partners L.P.’s holdings in ATI were worth $4,908,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in ATI during the second quarter valued at about $146,726,000. Forest Avenue Capital Management LP purchased a new stake in shares of ATI during the first quarter worth about $44,867,000. Senator Investment Group LP raised its stake in ATI by 68.7% during the 1st quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company’s stock valued at $63,086,000 after purchasing an additional 493,944 shares during the period. Trexquant Investment LP bought a new stake in ATI during the 1st quarter valued at approximately $21,807,000. Finally, Northern Trust Corp lifted its holdings in ATI by 33.4% in the 1st quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company’s stock worth $65,701,000 after purchasing an additional 316,090 shares in the last quarter.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 21,153 shares of ATI stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the completion of the transaction, the chief executive officer directly owned 202,668 shares of the company’s stock, valued at $17,403,101.16. The trade was a 9.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the business’s 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 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 183,328 shares of company stock valued at $16,667,123. Insiders own 1.10% of the company’s stock.

ATI Price Performance

ATI stock opened at $98.66 on Wednesday. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $103.64. The firm has a market capitalization of $13.40 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 1.29 and a beta of 1.08. The company has a fifty day simple moving average of $91.04 and a two-hundred day simple moving average of $84.77. 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 posted its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. 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 anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna increased their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. 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. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

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.