Headlands Technologies LLC Grows Holdings in ATI Inc. $ATI

Key Points

• Headlands Technologies increased its ATI stake by 152.5% in the second quarter, ending with 8,300 shares valued at approximately $1.64 million. Several other institutional investors also raised or initiated positions.
• Analysts remain broadly bullish on ATI, with a consensus “Buy” rating and an average price target of $232; recent targets range from $210 to $275.
• ATI exceeded quarterly earnings expectations, reporting $1.23 EPS on $1.26 billion in revenue, while year-over-year revenue rose 10.6%. CEO Kimberly A. Fields subsequently sold 24,845 shares, and insiders have sold $23.3 million worth of stock over the past 90 days.

Headlands Technologies LLC grew its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 152.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,300 shares of the basic materials company's stock after buying an additional 5,013 shares during the quarter. Headlands Technologies LLC's holdings in ATI were worth $1,636,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock worth $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after buying an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new stake in ATI in the 2nd quarter worth approximately $324,000. M&T Bank Corp purchased a new stake in ATI in the second quarter worth approximately $317,000. Finally, First Trust Advisors LP grew its position in ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock valued at $17,028,000 after acquiring an additional 9,234 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on ATI. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $262.00 target price on shares of ATI in a report on Monday, August 10th. Susquehanna lifted their price objective on ATI from $215.00 to $265.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Zacks Research raised ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Wells Fargo & Company restated an "overweight" rating and set a $275.00 target price on shares of ATI in a report on Monday, August 10th. Finally, TD Cowen raised their price target on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $232.00.

ATI Price Performance

ATI stock opened at $204.29 on Tuesday. The stock has a market capitalization of $27.82 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 1.27 and a beta of 0.98. The firm's 50-day moving average price is $201.65 and its two-hundred day moving average price is $175.20. 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 $74.45 and a 12-month high of $243.57.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion for 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%.ATI's quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts predict that ATI Inc. will post 5.15 earnings per share for the current year.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 24,845 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 100,719 shares of the company's stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 117,295 shares of company stock valued at $23,277,362. 0.98% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source