Landscape Capital Management L.L.C. Buys Shares of 7,649 ATI Inc. $ATI

Landscape Capital Management L.L.C. purchased a new position in ATI Inc. (NYSE:ATI) in the second quarter, Holdings Channel reports. The fund purchased 7,649 shares of the basic materials company’s stock, valued at approximately $1,508,000.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of ATI during the 2nd quarter valued at about $3,687,529,000. Norges Bank bought a new position in shares of ATI in the 4th quarter valued at approximately $198,787,000. SG Americas Securities LLC lifted its holdings in ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after purchasing an additional 1,006,951 shares during the last quarter. AQR Capital Management LLC lifted its holdings in ATI by 684.9% in the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in ATI during the second quarter worth approximately $168,996,000.

ATI Price Performance

Shares of NYSE:ATI opened at $206.84 on Friday. The business has a 50 day moving average price of $200.19 and a 200 day moving average price of $171.49. ATI Inc. has a twelve month low of $71.94 and a twelve month high of $243.57. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Research analysts predict that ATI Inc. will post 5.15 earnings per share for the current year.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 24,845 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares in the company, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 177,044 shares of company stock valued at $33,976,616 over the last three months. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. TD Cowen boosted their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. BTIG Research upped their price objective on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 7th. KeyCorp raised their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $275.00 target price on shares of ATI in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $232.00.

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.