Hsbc Holdings PLC Sells 61,993 Shares of ATI Inc. $ATI

Hsbc Holdings PLC decreased its position in ATI Inc. (NYSE:ATI) by 68.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,788 shares of the basic materials company’s stock after selling 61,993 shares during the period. Hsbc Holdings PLC’s holdings in ATI were worth $4,159,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of ATI in the 4th quarter worth approximately $198,787,000. SG Americas Securities LLC raised its stake in ATI by 1,471.8% during the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after acquiring an additional 1,006,951 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of ATI by 684.9% during the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock valued at $117,037,000 after acquiring an additional 889,912 shares during the period. UBS Group AG lifted its holdings in ATI by 143.3% during the 4th quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock valued at $136,923,000 after purchasing an additional 702,656 shares during the last quarter. Finally, Jain Global LLC boosted its holdings in shares of ATI by 3,017.7% in the 4th quarter. Jain Global LLC now owns 665,276 shares of the basic materials company’s stock worth $76,347,000 after acquiring an additional 643,937 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ATI shares. JPMorgan Chase & Co. lifted their price objective on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BTIG Research increased their price target on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $176.78.

ATI Stock Performance

Shares of ATI stock opened at $197.47 on Friday. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $205.31. The company’s fifty day simple moving average is $185.32 and its 200-day simple moving average is $159.20. The firm has a market cap of $26.95 billion, a PE ratio of 65.39, a P/E/G ratio of 1.59 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts expect that ATI Inc. will post 4.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 160,442 shares of company stock worth $28,535,831. 0.98% of the stock is owned by company insiders.

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.