Castleark Management LLC Takes Position in ATI Inc. $ATI

Castleark Management LLC purchased a new position in shares of ATI Inc. (NYSE:ATI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,830 shares of the basic materials company’s stock, valued at approximately $952,000.

A number of other institutional investors also recently modified their holdings of the company. 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 buying an additional 123 shares during the period. CoreCap Advisors LLC acquired a new stake in ATI during the second quarter worth approximately $30,000. Torren Management LLC bought a new stake in ATI in the fourth quarter worth approximately $52,000. Summit Securities Group LLC bought a new stake in ATI in the first quarter worth approximately $60,000. Finally, Hollencrest Capital Management lifted its stake 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 buying an additional 334 shares during the period.

Analyst Ratings Changes

Several research firms have recently weighed in on ATI. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $275.00 price target on shares of ATI in a research note on Monday, August 10th. KeyCorp upped their price objective on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Susquehanna increased their price objective on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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, ATI presently has an average rating of “Buy” and an average price target of $232.00.

ATI Trading Down 1.0%

ATI opened at $213.02 on Thursday. The firm has a market capitalization of $29.01 billion, a PE ratio of 62.47, a P/E/G ratio of 1.30 and a beta of 0.98. ATI Inc. has a fifty-two week low of $74.45 and a fifty-two week high of $243.57. The company’s 50-day moving average is $201.19 and its 200 day moving average is $173.63. 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 (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. 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 predict that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is currently owned by corporate 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.