Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in ATI Inc. $ATI

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ATI Inc. (NYSE:ATI) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 81,159 shares of the basic materials company’s stock, valued at approximately $7,007,000.

A number of other hedge funds also recently added to or reduced their stakes in ATI. Fifth Third Bancorp grew its position in shares of ATI by 11.4% during the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 128 shares during the last quarter. Farther Finance Advisors LLC grew its position in ATI by 10.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 143 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of ATI by 3.4% in the second quarter. Sequoia Financial Advisors LLC now owns 4,322 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 144 shares during the period. AlphaQuest LLC increased its stake in shares of ATI by 3.0% in the second quarter. AlphaQuest LLC now owns 5,772 shares of the basic materials company’s stock valued at $498,000 after purchasing an additional 170 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after buying an additional 171 shares during the last quarter.

Insider Buying and Selling at ATI

In related news, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the transaction, the vice president owned 119,394 shares in the company, valued at $11,663,599.86. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kimberly A. Fields sold 21,153 shares of ATI stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total value of $1,816,408.11. Following the completion of the transaction, the chief executive officer directly owned 202,668 shares in the company, valued at $17,403,101.16. This represents a 9.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 99,646 shares of company stock valued at $8,461,892. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATI. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Susquehanna increased their price target on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a research note on Wednesday, October 8th. BTIG Research reiterated a “buy” rating and set a $120.00 price objective on shares of ATI in a research note on Wednesday, October 29th. Finally, Zacks Research raised ATI to a “hold” rating in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and an average target price of $93.71.

ATI Stock Performance

Shares of ATI opened at $99.09 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. The firm’s 50 day moving average is $85.23 and its 200-day moving average is $81.61. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $103.64. The stock has a market capitalization of $13.46 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.47 and a beta of 1.32.

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 analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. Equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

About ATI

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.