Freestone Grove Partners LP Invests $115.72 Million in ATI Inc. $ATI

Key Points

• Freestone Grove Partners acquired 587,093 ATI shares worth approximately $115.7 million, giving it a 0.43% stake and making ATI its 18th-largest holding.
• ATI exceeded quarterly expectations, reporting $1.23 in EPS and $1.26 billion in revenue, up 10.6% year over year. The company 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 a consensus “Buy” rating and an average price target of $232; however, ATI insiders sold about $34 million of stock over the past 90 days, including a $5.7 million sale by CEO Kimberly A. Fields.

Freestone Grove Partners LP acquired a new stake in ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 587,093 shares of the basic materials company's stock, valued at approximately $115,716,000. ATI accounts for about 0.7% of Freestone Grove Partners LP's holdings, making the stock its 18th biggest position. Freestone Grove Partners LP owned about 0.43% of ATI at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ATI. Signature Equity Partners LLC grew its holdings 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 period. CoreCap Advisors LLC acquired a new stake in ATI in the 2nd quarter valued at about $30,000. Torren Management LLC acquired a new stake in ATI in the 4th quarter valued at about $52,000. Summit Securities Group LLC bought a new position in shares of ATI during the 1st quarter valued at about $60,000. Finally, Hollencrest Capital Management boosted its position in shares of ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company's stock valued at $66,000 after purchasing an additional 334 shares in the last quarter.

ATI Stock Performance

Shares of ATI opened at $213.02 on Thursday. ATI Inc. has a one year low of $74.45 and a one year high of $243.57. The company has a 50-day moving average of $201.19 and a two-hundred day moving average of $173.63. The stock has a market cap of $29.01 billion, a price-to-earnings ratio of 62.47, a PEG ratio of 1.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm'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, equities research analysts expect that ATI Inc. will post 5.15 earnings per share for the current year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 24,845 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares of the company's stock, valued at $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 177,044 shares of company stock valued at $33,976,616 in the last ninety days. 0.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ATI shares. Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 25th. Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. TD Cowen upped their price target on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. Finally, Susquehanna increased their price objective on ATI from $215.00 to $265.00 and gave the company a "positive" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $232.00.

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.

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