59,556 Shares in ATI Inc. $ATI Acquired by Man Group plc

Key Points

• Man Group acquired 59,556 ATI shares in the second quarter, valued at approximately $11.7 million, while several other institutional investors also increased or initiated positions.
• ATI reported quarterly EPS of $1.23, beating estimates of $1.03, with revenue of $1.26 billion, up 10.6% year over year. Management guided to third-quarter 2026 EPS of $1.31–$1.37 and full-year EPS of $4.90–$5.18.
• Analyst sentiment remains positive, with ATI holding a consensus “Buy” rating and an average price target of $232; however, CEO Kimberly A. Fields sold 24,845 shares, and insiders sold roughly $34.0 million of stock over the past 90 days.

Man Group plc bought a new position in ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,556 shares of the basic materials company's stock, valued at approximately $11,738,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATI. Bank of Nova Scotia raised its position in ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company's stock worth $67,951,000 after acquiring an additional 224,949 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in ATI in the 1st quarter valued at about $1,009,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of ATI by 456.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company's stock valued at $14,875,000 after purchasing an additional 106,343 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of ATI during the 1st quarter valued at about $4,599,000. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of ATI in the 1st quarter worth approximately $1,106,000.

ATI Stock Performance

Shares of ATI opened at $214.63 on Friday. The company's 50 day moving average price is $201.46 and its 200 day moving average price is $174.20. ATI Inc. has a 52 week low of $74.45 and a 52 week high of $243.57. The company has a market capitalization of $29.23 billion, a PE ratio of 62.94, a PEG ratio of 1.28 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.

ATI (NYSE:ATI - Get Free Report) last released its 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Research analysts expect that ATI Inc. will post 5.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the completion of the sale, the chief executive officer directly owned 100,719 shares in the company, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 177,044 shares of company stock worth $33,976,616 in the last ninety days. 0.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on ATI shares. KeyCorp boosted their target price on shares of ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Susquehanna lifted their price target on shares of ATI from $215.00 to $265.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. Weiss Ratings upgraded ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Finally, Wall Street Zen raised ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, ATI presently has a consensus 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.

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