Tema Etfs LLC Has $6.18 Million Stock Position in ATI Inc. $ATI

Tema Etfs LLC lifted its position in shares of ATI Inc. (NYSE:ATI) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,016 shares of the basic materials company’s stock after purchasing an additional 5,362 shares during the period. Tema Etfs LLC owned about 0.06% of ATI worth $6,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System increased its stake in ATI by 4.6% in the third quarter. New York State Teachers Retirement System now owns 150,001 shares of the basic materials company’s stock valued at $12,201,000 after purchasing an additional 6,573 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of ATI by 1.4% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 29,400 shares of the basic materials company’s stock valued at $2,391,000 after buying an additional 400 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of ATI by 225.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 15,210 shares of the basic materials company’s stock worth $1,237,000 after acquiring an additional 10,542 shares during the period. Asset Management One Co. Ltd. bought a new position in ATI in the 3rd quarter worth about $3,664,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in ATI by 0.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 633,279 shares of the basic materials company’s stock worth $52,568,000 after acquiring an additional 3,918 shares during the period.

Analysts Set New Price Targets

ATI has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Susquehanna raised their target price on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ATI currently has an average rating of “Moderate Buy” and an average target price of $109.14.

Insider Buying and Selling at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the transaction, the chairman directly owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 179,783 shares of company stock worth $17,961,263. Company insiders own 1.10% of the company’s stock.

ATI Stock Up 3.2%

NYSE ATI opened at $122.34 on Monday. 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 Inc. has a 52 week low of $39.23 and a 52 week high of $124.92. The stock’s 50-day moving average price is $105.94 and its 200-day moving average price is $90.85. The company has a market capitalization of $16.62 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. ATI’s quarterly revenue was up 7.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

About ATI

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.