Old West Investment Management LLC Invests $2.48 Million in ATI Inc. $ATI

Old West Investment Management LLC bought a new stake in shares of ATI Inc. (NYSE:ATI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 12,555 shares of the basic materials company’s stock, valued at approximately $2,475,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATI. Meeder Asset Management Inc. grew its holdings in ATI by 2.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after buying an additional 74 shares in the last quarter. Lido Advisors LLC boosted its position in shares of ATI by 2.7% during the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 101 shares during the last quarter. Signature Equity Partners LLC grew its stake 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 in the last quarter. Activest Wealth Management increased its holdings in ATI by 17.6% in the 4th quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 125 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in ATI by 2.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after acquiring an additional 140 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on ATI shares. KeyCorp increased 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. TD Cowen lifted their target price on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $275.00 target price on shares of ATI in a research report on Monday, August 10th. Susquehanna increased their price target on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Finally, BTIG Research raised their price target on 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $232.00.

Insider Activity

In other news, CEO Kimberly A. Fields sold 31,757 shares of ATI stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the completion of the transaction, the chief executive officer owned 125,564 shares in the company, valued at approximately $23,981,468.36. The trade was a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 152,199 shares of company stock valued at $28,232,700. 0.98% of the stock is owned by company insiders.

ATI Stock Performance

Shares of NYSE:ATI opened at $228.76 on Monday. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $243.57. The stock has a market capitalization of $31.15 billion, a P/E ratio of 67.08, a PEG ratio of 1.38 and a beta of 0.98. The firm has a fifty day simple moving average of $197.35 and a two-hundred day simple moving average of $168.46. 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 announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.22 billion. During the same period in the prior year, the company earned $0.74 EPS. The business’s 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. On average, analysts expect that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

ATI 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.