Oppenheimer Asset Management Inc. Acquires Shares of 14,532 ATI Inc. $ATI

Oppenheimer Asset Management Inc. acquired a new stake in ATI Inc. (NYSE:ATI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,532 shares of the basic materials company’s stock, valued at approximately $2,864,000.

Other hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in ATI in the 2nd quarter valued at about $30,000. Signature Equity Partners LLC lifted 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 worth $26,000 after acquiring an additional 123 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of ATI during the first quarter worth approximately $60,000. Hollencrest Capital Management boosted its holdings in shares of 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 acquiring an additional 334 shares during the period. Finally, Torren Management LLC acquired a new position in shares of ATI in the fourth quarter valued at approximately $52,000.

ATI Stock Up 0.7%

Shares of ATI opened at $228.76 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $243.57. The firm’s 50 day moving average is $197.35 and its 200-day moving average is $168.14. The stock has a market capitalization of $31.15 billion, a PE ratio of 67.08, a P/E/G ratio of 1.38 and a beta of 0.98.

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, beating the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts forecast that ATI Inc. will post 5.15 EPS for the current year.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 152,199 shares of company stock valued at $28,232,700. 0.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATI shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $262.00 target price on shares of ATI in a research note on Monday, August 10th. JPMorgan Chase & Co. boosted their price target 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 raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, KeyCorp lifted their target price on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average price target of $232.00.

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.