Rokos Capital Management LLP purchased a new position in shares of ATI Inc. (NYSE:ATI – Free Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 80,343 shares of the basic materials company’s stock, valued at approximately $11,683,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC increased its stake in shares of ATI by 304.6% during the first quarter. Empowered Funds LLC now owns 55,970 shares of the basic materials company’s stock worth $8,141,000 after buying an additional 42,136 shares during the period. Quantinno Capital Management LP raised its holdings in ATI by 22.7% in the first quarter. Quantinno Capital Management LP now owns 40,458 shares of the basic materials company’s stock valued at $5,885,000 after acquiring an additional 7,495 shares in the last quarter. Lazard Asset Management LLC raised its holdings in ATI by 281.4% in the first quarter. Lazard Asset Management LLC now owns 24,105 shares of the basic materials company’s stock valued at $3,506,000 after acquiring an additional 17,785 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in ATI in the first quarter worth approximately $500,000. Finally, Entropy Technologies LP purchased a new position in ATI in the first quarter worth approximately $2,768,000.
Insider Buying and Selling at ATI
In other news, CEO Kimberly A. Fields sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the completion of the sale, the chief executive officer owned 157,321 shares in the company, valued at approximately $28,775,584.11. The trade was a 20.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 160,442 shares of company stock worth $28,535,831. 0.98% of the stock is currently owned by insiders.
ATI Price Performance
ATI (NYSE:ATI – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts anticipate that ATI Inc. will post 4.49 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on ATI shares. TD Cowen boosted their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna boosted their target price on shares of ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. Finally, BTIG Research increased their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average target price of $176.78.
View Our Latest Stock Report on ATI
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.
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