ATI Inc. (NYSE:ATI) Short Interest Update

ATI Inc. (NYSE:ATI) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 2,230,362 shares, a drop of 28.7% from the December 15th total of 3,130,130 shares. Based on an average daily volume of 1,180,024 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the shares of the stock are short sold. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 1,180,024 shares, the short-interest ratio is currently 1.9 days.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the sale, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the company’s stock in a transaction on 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. The trade was a 19.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,630 shares of company stock valued at $16,144,855 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC bought a new position in shares of ATI in the fourth quarter valued at approximately $263,000. Tema Etfs LLC lifted its stake in ATI by 2.8% in the 4th quarter. Tema Etfs LLC now owns 78,117 shares of the basic materials company’s stock worth $8,965,000 after purchasing an additional 2,101 shares in the last quarter. Nilsine Partners LLC purchased a new stake in ATI in the 4th quarter worth approximately $1,369,000. AA Financial Advisors LLC bought a new position in ATI in the 4th quarter valued at $233,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of ATI by 65.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock valued at $2,894,000 after purchasing an additional 10,004 shares in the last quarter.

Wall Street Analysts Forecast Growth

ATI has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research note on Wednesday, October 8th. KeyCorp lifted their target price on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday. Susquehanna reaffirmed a “positive” rating and set a $145.00 price target on shares of ATI in a research report on Thursday. Finally, Alembic Global Advisors began coverage on ATI in a report on Thursday. They set an “overweight” rating and a $141.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.75.

ATI Stock Down 0.9%

NYSE:ATI traded down $1.08 during trading hours on Friday, hitting $124.31. 1,163,511 shares of the company traded hands, compared to its average volume of 1,147,789. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.89 billion, a PE ratio of 40.23, a PEG ratio of 1.19 and a beta of 1.02. ATI has a one year low of $39.23 and a one year high of $127.11. The firm’s 50-day simple moving average is $108.66 and its 200-day simple moving average is $92.16.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 23.34% and a net margin of 9.71%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities analysts predict that ATI will post 2.89 earnings per share for the current year.

ATI Company 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.