Expect Equity LLC Purchases New Holdings in ATI Inc. $ATI

Expect Equity LLC purchased a new stake in ATI Inc. (NYSE:ATI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,645 shares of the basic materials company’s stock, valued at approximately $4,463,000. ATI makes up about 2.9% of Expect Equity LLC’s portfolio, making the stock its 3rd largest position.

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

ATI Trading Up 2.6%

Shares of ATI stock opened at $215.30 on Wednesday. ATI Inc. has a 12-month low of $73.10 and a 12-month high of $243.57. The company has a market capitalization of $29.32 billion, a P/E ratio of 63.14, a P/E/G ratio of 1.27 and a beta of 0.98. The firm has a 50-day moving average price of $200.87 and a 200 day moving average price of $173.04. 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 issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts forecast that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, BTIG Research boosted their price target on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $232.00.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction that occurred 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 in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is owned by 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.