Marathon Partners Equity Management LLC Makes New Investment in ATI Inc. $ATI

Marathon Partners Equity Management LLC bought a new stake in shares of ATI Inc. (NYSE:ATI) in the second quarter, HoldingsChannel.com reports. The firm bought 6,000 shares of the basic materials company’s stock, valued at approximately $1,183,000. ATI makes up about 1.1% of Marathon Partners Equity Management LLC’s holdings, making the stock its 13th biggest holding.

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

Analyst Upgrades and Downgrades

ATI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $262.00 price target on shares of ATI in a research note on Monday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. TD Cowen boosted their target price on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, BTIG Research upped their target price on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $232.00.

ATI Trading Up 1.4%

ATI stock opened at $209.95 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI Inc. has a 1-year low of $73.00 and a 1-year high of $243.57. The business has a 50 day simple moving average of $200.48 and a two-hundred day simple moving average of $172.42. The company has a market capitalization of $28.59 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 1.25 and a beta of 0.98.

ATI (NYSE:ATI) last released its 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. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s quarterly 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. Research analysts anticipate that ATI Inc. will post 5.15 EPS for the current fiscal year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of ATI 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 directly owned 100,719 shares in the company, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 177,044 shares of company stock valued at $33,976,616. 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.