Moore Capital Management LP Trims Holdings in ATI Inc. $ATI

Moore Capital Management LP trimmed its holdings in ATI Inc. (NYSE:ATI) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,927 shares of the basic materials company’s stock after selling 2,989 shares during the quarter. Moore Capital Management LP’s holdings in ATI were worth $6,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Signature Equity Partners LLC grew 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 worth $26,000 after purchasing an additional 123 shares during the period. CoreCap Advisors LLC purchased a new position in shares of ATI during the second quarter valued at approximately $30,000. Summit Securities Group LLC bought a new stake in shares of ATI in the 1st quarter worth approximately $60,000. Hollencrest Capital Management boosted its position in shares of ATI by 283.1% in the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after buying an additional 346 shares during the last quarter.

ATI Price Performance

Shares of NYSE ATI opened at $210.29 on Monday. ATI Inc. has a twelve month low of $74.45 and a twelve month high of $243.57. The firm has a market cap of $28.64 billion, a P/E ratio of 61.67, a PEG ratio of 1.27 and a beta of 0.98. The company has a 50 day moving average of $201.64 and a 200 day moving average of $174.72. 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 released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, research analysts expect that ATI Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ATI shares. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 target price on shares of ATI in a report on Monday, August 10th. KeyCorp increased their target price on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. TD Cowen raised their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $232.00.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 177,044 shares of company stock worth $33,976,616 over the last 90 days. Corporate insiders own 0.98% of the company’s stock.

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.