Old West Investment Management LLC Takes $2.48 Million Position in ATI Inc. $ATI

Key Points

• Old West Investment Management acquired 12,555 ATI shares worth approximately $2.48 million in the second quarter, while several other institutional investors also initiated or expanded positions.
• ATI reported stronger-than-expected quarterly results, with adjusted EPS of $1.23 versus the $1.03 consensus estimate and revenue up 10.6% year over year to $1.26 billion. The company guided for third-quarter 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 a $232 price target; however, insiders sold roughly $28.2 million of shares over the past three months, including a $6.1 million sale by CEO Kimberly A. Fields.

Old West Investment Management LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,555 shares of the basic materials company's stock, valued at approximately $2,475,000.

A number of other large investors have also added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in shares of ATI in the 2nd quarter worth $30,000. Signature Equity Partners LLC increased 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 valued at $26,000 after acquiring an additional 123 shares during the last quarter. Summit Securities Group LLC purchased a new stake in ATI during the first quarter valued at $60,000. Hollencrest Capital Management lifted its holdings in ATI by 283.1% in the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company's stock valued at $66,000 after acquiring an additional 334 shares during the period. Finally, Torren Management LLC bought a new position in ATI in the fourth quarter valued at about $52,000.

Insider Activity

In other news, CEO Kimberly A. Fields sold 31,757 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total value of $6,065,269.43. Following the completion of the sale, the chief executive officer directly owned 125,564 shares of the company's stock, valued at $23,981,468.36. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 152,199 shares of company stock valued at $28,232,700 over the last three months. Corporate insiders own 0.98% of the company's stock.

ATI Stock Up 0.1%

ATI stock opened at $228.76 on Monday. The business's 50-day moving average price is $197.35 and its 200-day moving average price is $168.46. The stock has a market cap of $31.15 billion, a P/E ratio of 67.08, a PEG ratio of 1.38 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $243.57.

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 the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm's quarterly 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 forecast that ATI Inc. will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of recent research reports. Zacks Research upgraded ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. TD Cowen boosted their target price on shares of ATI from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Susquehanna upped their target price on shares of ATI from $215.00 to $265.00 and gave the company a "positive" rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. increased 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. One research 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, the company has a consensus rating of "Buy" and a consensus price target 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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