Marathon Partners Equity Management LLC Makes New Investment in ATI Inc. $ATI

Key Points

• Marathon Partners Equity Management initiated a 6,000-share position in ATI during the second quarter, valued at approximately $1.18 million and representing 1.1% of its portfolio.
• Institutional interest in ATI increased, while CEO Kimberly A. Fields sold 24,845 shares for roughly $5.74 million; insiders have sold $33.98 million worth of stock over the past 90 days.
• Analysts remain bullish, with ATI carrying a consensus “Buy” rating and an average price target of $232. The company also exceeded quarterly earnings and revenue expectations and raised its 2026 earnings guidance.

Marathon Partners Equity Management LLC bought a new position in ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,000 shares of the basic materials company's stock, valued at approximately $1,183,000. ATI makes up approximately 1.1% of Marathon Partners Equity Management LLC's portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATI. Bank of Nova Scotia raised its holdings 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 purchasing an additional 224,949 shares in the last quarter. Precision Wealth Strategies LLC bought a new stake in shares of ATI during the 1st quarter valued at $1,009,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 buying an additional 106,343 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of ATI in the 1st quarter worth about $4,599,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of ATI in the 1st quarter worth about $1,106,000.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of recent research reports. Zacks Research raised shares of ATI from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 25th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $275.00 target price on shares of ATI in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their target price on shares of ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. TD Cowen lifted their target price on shares of ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $262.00 price target on shares of ATI in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $232.00.

ATI Stock Performance

Shares of ATI opened at $209.95 on Tuesday. The business's fifty day simple moving average is $200.48 and its two-hundred day simple moving average is $172.42. 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 $73.00 and a 12 month high of $243.57. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 61.57, a P/E/G ratio of 1.25 and a beta of 0.98.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm 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 company's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

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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