ATI Inc. $ATI Stock Position Cut by Tribune Investment Group LP

Tribune Investment Group LP lessened its stake in ATI Inc. (NYSE:ATI) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,380 shares of the basic materials company’s stock after selling 2,620 shares during the period. ATI makes up approximately 2.3% of Tribune Investment Group LP’s holdings, making the stock its 10th largest position. Tribune Investment Group LP’s holdings in ATI were worth $5,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATI. Signature Equity Partners LLC lifted its holdings in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 123 shares during the period. CoreCap Advisors LLC purchased a new position in ATI in the second quarter worth about $30,000. Torren Management LLC bought a new stake in shares of ATI during the 4th quarter valued at about $52,000. Summit Securities Group LLC bought a new stake in shares of ATI during the 1st quarter valued at about $60,000. Finally, Hollencrest Capital Management increased its position in shares of ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 334 shares during the last quarter.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Kimberly A. Fields sold 24,845 shares of the business’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 transaction, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 177,044 shares of company stock worth $33,976,616 in the last quarter. Company insiders own 0.98% of the company’s stock.

ATI Stock Performance

NYSE ATI opened at $214.63 on Friday. 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 Inc. has a twelve month low of $74.45 and a twelve month high of $243.57. The business has a 50-day moving average price of $201.46 and a 200-day moving average price of $174.20. The firm has a market cap of $29.23 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98.

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

ATI 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.