Mutual of America Capital Management LLC Lowers Stock Position in ATI Inc. $ATI

Mutual of America Capital Management LLC trimmed its holdings in shares of ATI Inc. (NYSE:ATI) by 4.4% in the second quarter, Holdings Channel reports. The firm owned 70,155 shares of the basic materials company’s stock after selling 3,260 shares during the period. Mutual of America Capital Management LLC’s holdings in ATI were worth $6,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ATI. Forest Avenue Capital Management LP purchased a new stake in ATI during the 1st quarter worth $44,867,000. Senator Investment Group LP boosted its position 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 worth $63,086,000 after purchasing an additional 493,944 shares during the period. Trexquant Investment LP purchased a new stake in ATI during the 1st quarter worth $21,807,000. Northern Trust Corp boosted its position 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 valued at $65,701,000 after buying an additional 316,090 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in ATI by 35.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,132,296 shares of the basic materials company’s stock valued at $58,913,000 after buying an additional 296,634 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATI. BTIG Research reissued a “buy” rating and issued a $120.00 price objective on shares of ATI in a research report on Friday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Zacks Research raised shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Finally, Susquehanna decreased their price objective on shares of ATI from $105.00 to $100.00 and set a “positive” rating for the company in a research report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.86.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total value of $3,733,000.00. Following the sale, the chairman owned 306,538 shares in the company, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $598,899.00. Following the completion of the sale, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,460 shares of company stock worth $10,750,979. 1.10% of the stock is currently owned by corporate insiders.

ATI Stock Performance

Shares of ATI stock opened at $84.37 on Wednesday. The firm has a market cap of $11.63 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.29. The firm’s 50-day simple moving average is $78.50 and its 200-day simple moving average is $75.90. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $96.20.

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