Mountaineer Partners Management LLC Has $11.72 Million Stake in ATI Inc. $ATI

Mountaineer Partners Management LLC grew its holdings in shares of ATI Inc. (NYSE:ATI) by 17.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,020 shares of the basic materials company’s stock after purchasing an additional 21,050 shares during the quarter. ATI makes up 6.8% of Mountaineer Partners Management LLC’s investment portfolio, making the stock its 5th largest holding. Mountaineer Partners Management LLC’s holdings in ATI were worth $11,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lido Advisors LLC increased its holdings in ATI by 2.7% during the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after buying an additional 101 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in ATI by 2.4% in the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after acquiring an additional 102 shares during the period. Smartleaf Asset Management LLC boosted its stake in ATI by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 118 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in ATI by 6.1% in the third quarter. Johnson Investment Counsel Inc. now owns 2,624 shares of the basic materials company’s stock valued at $213,000 after acquiring an additional 150 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of ATI by 0.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,636 shares of the basic materials company’s stock valued at $2,041,000 after acquiring an additional 160 shares during the period.

ATI Price Performance

ATI opened at $147.63 on Tuesday. The firm has a 50-day moving average price of $138.47 and a 200-day moving average price of $109.36. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $168.14. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $20.22 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 1.41 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. ATI’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Equities analysts expect that ATI Inc. will post 2.89 EPS for the current year.

ATI declared that its board has authorized a share buyback plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATI. KeyCorp raised their price target on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Susquehanna set a $155.00 price objective on ATI in a research note on Wednesday, February 4th. Alembic Global Advisors started coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective for the company. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, ATI has an average rating of “Buy” and an average target price of $133.00.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the transaction, the chairman directly owned 132,676 shares in the company, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% 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.