ATI (ATI)

• Market cap: $8.02B
• 1 day: -3.73%
• 5 days: -2.07%
• 1 month: -10.53%
• 3 months: -11.46%
• 6 months: -6.91%
• Year to date: 26.84%
• 1 year: 23.85%
• 5 years: 141.89%
• 10 years: 71.05%
• Sector: Materials
• Industry: Steel Pipe & Tubes

About: ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the High-Performance Materials segment. The High-Performance Materials segment is focused on a wide range of high-performance specialty materials, parts, and components for several major end markets, including the aerospace & defense, medical, and energy markets. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada, and Others, the majority is from the United States.

Employees: 7,800

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

222% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 27

20% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]

18% more funds holding

Funds holding: 340 [Q1] → 400 (+60) [Q2]

6% more capital invested

Capital invested by funds: $7B [Q1] → $7.43B (+$428M) [Q2]

0.4% more ownership

Funds ownership: 107.32% [Q1] → 107.72% (+0.4%) [Q2]

19% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 149

28% less call options, than puts

Call options by funds: $22.6M | Put options by funds: $31.6M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70 25% upside
• Avg. target: $76 35% upside
• High target: $84 49% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Susquehanna Charles Minervino 46% 1-year accuracy 27 / 59 met price target	25% upside $70	Positive Maintained	30 Oct 2024
Deutsche Bank Scott Deuschle 70% 1-year accuracy 19 / 27 met price target	49% upside $84	Buy Maintained	3 Oct 2024
Susquehanna Charles Minervino 46% 1-year accuracy 27 / 59 met price target	33% upside $75	Positive Initiated	5 Sept 2024
JP Morgan Seth Seifman 71% 1-year accuracy 20 / 28 met price target	33% upside $75	Overweight Maintained	21 Aug 2024