Free Trial

Intech Investment Management LLC Has $1.09 Million Stock Position in ATI Inc. (NYSE:ATI)

ATI logo with Basic Materials background

Intech Investment Management LLC decreased its position in ATI Inc. (NYSE:ATI - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,287 shares of the basic materials company's stock after selling 10,753 shares during the period. Intech Investment Management LLC's holdings in ATI were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATI. Millennium Management LLC grew its position in ATI by 165.1% in the 2nd quarter. Millennium Management LLC now owns 1,944,919 shares of the basic materials company's stock worth $107,846,000 after purchasing an additional 1,211,273 shares during the last quarter. Senator Investment Group LP lifted its stake in shares of ATI by 167.6% in the 2nd quarter. Senator Investment Group LP now owns 891,138 shares of the basic materials company's stock worth $49,414,000 after acquiring an additional 558,138 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of ATI in the 2nd quarter worth approximately $28,896,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ATI in the 2nd quarter worth approximately $15,869,000. Finally, Squarepoint Ops LLC lifted its stake in shares of ATI by 739.2% in the 2nd quarter. Squarepoint Ops LLC now owns 308,355 shares of the basic materials company's stock worth $17,098,000 after acquiring an additional 271,613 shares during the period.

Wall Street Analyst Weigh In

ATI has been the subject of a number of research analyst reports. KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of ATI from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 21st. Susquehanna reduced their price target on shares of ATI from $75.00 to $70.00 and set a "positive" rating for the company in a research note on Wednesday, October 30th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of ATI in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of ATI from $81.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ATI has a consensus rating of "Moderate Buy" and an average price target of $73.71.

View Our Latest Stock Analysis on ATI

ATI Trading Down 0.8 %

Shares of NYSE:ATI traded down $0.51 during mid-day trading on Thursday, hitting $60.12. The stock had a trading volume of 734,414 shares, compared to its average volume of 1,450,252. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. The company has a market cap of $8.58 billion, a PE ratio of 23.12, a P/E/G ratio of 2.08 and a beta of 1.08. ATI Inc. has a 12-month low of $38.04 and a 12-month high of $68.92. The company's 50 day moving average is $60.98 and its 200-day moving average is $60.58.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.12 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. On average, sell-side analysts predict that ATI Inc. will post 2.27 EPS for the current year.

ATI declared that its board has authorized a stock buyback plan on Tuesday, September 3rd that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 9.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $62.23, for a total value of $1,555,750.00. Following the transaction, the chairman now owns 486,443 shares in the company, valued at approximately $30,271,347.89. This represents a 4.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.71% of the company's stock.

ATI Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for ATI (NYSE:ATI)

Should you invest $1,000 in ATI right now?

Before you consider ATI, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.

While ATI currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?
SoundHound Stock Explodes Again – Is a Major Breakout Coming?
How Fintech Strategy at FinWise Bancorp and CEO Vision Are Driving 78% Gains

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines