Moore Capital Management LP Sells 2,989 Shares of ATI Inc. $ATI

Moore Capital Management LP lowered its stake in ATI Inc. (NYSE:ATI) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,927 shares of the basic materials company’s stock after selling 2,989 shares during the quarter. Moore Capital Management LP’s holdings in ATI were worth $6,096,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in shares of ATI in the 2nd quarter worth $30,000. Signature Equity Partners LLC increased its position in 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 acquiring an additional 123 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI during the second quarter valued at $73,000. Meeder Asset Management Inc. bought a new position in ATI in the second quarter valued at about $77,000. Finally, Summit Securities Group LLC purchased a new position in ATI in the first quarter worth about $60,000.

ATI Stock Down 0.2%

ATI opened at $210.29 on Monday. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 61.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The firm’s fifty day moving average is $201.64 and its 200 day moving average is $174.72. ATI Inc. has a fifty-two week low of $74.45 and a fifty-two week high of $243.57.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, sell-side analysts forecast that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 218,014 shares in the company, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 177,044 shares of company stock valued at $33,976,616 over the last three months. Corporate insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATI shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 price target on shares of ATI in a research report on Monday, August 10th. KeyCorp upped their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. BTIG Research upped their price objective on ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $232.00.

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.