Emerald Mutual Fund Advisers Trust Grows Stake in ATI Inc. $ATI

Emerald Mutual Fund Advisers Trust lifted its stake in shares of ATI Inc. (NYSE:ATI) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,555 shares of the basic materials company’s stock after purchasing an additional 4,300 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.13% of ATI worth $14,930,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ATI. Norges Bank bought a new position in ATI during the second quarter valued at $146,726,000. BNP Paribas Financial Markets grew its stake in shares of ATI by 552.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after acquiring an additional 609,874 shares during the period. Holocene Advisors LP purchased a new stake in ATI in the 2nd quarter worth about $52,217,000. Saraza Management LP bought a new stake in ATI in the 2nd quarter valued at about $26,334,000. Finally, Bank of Nova Scotia bought a new stake in ATI in the 2nd quarter valued at about $20,569,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. KeyCorp increased their target price on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of ATI from $118.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Alembic Global Advisors began coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. BTIG Research reissued a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, ATI has an average rating of “Moderate Buy” and a consensus target price of $117.75.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 60,000 shares of the firm’s stock in a transaction dated 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 owned 246,538 shares of the company’s stock, valued at $24,244,546.92. This trade represents a 19.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the sale, the senior vice president owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. This trade represents a 10.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 158,630 shares of company stock worth $16,144,855 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

ATI Stock Performance

ATI stock opened at $122.94 on Friday. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $127.11. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $16.70 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.20 and a beta of 1.02. The firm’s 50 day simple moving average is $110.69 and its 200 day simple moving average is $93.16.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The firm 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. As a group, analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI Profile

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.