Tema ETFs LLC Sells 9,216 Shares of ATI Inc. $ATI

Key Points

• Tema ETFs LLC reduced its ATI position by 11.3% in the second quarter, selling 9,216 shares and retaining 72,045 shares valued at approximately $14.2 million. Other institutional investors, including Assenagon Asset Management, increased their holdings.
• Analyst sentiment remains positive, with multiple firms raising price targets and issuing buy or overweight ratings. ATI has a consensus “Buy” rating and an average price target of $226.12.
• ATI exceeded quarterly expectations, reporting $1.23 in earnings per share versus the $1.03 consensus and $1.26 billion in revenue, up 10.6% year over year. The stock opened at $230.10, near its 52-week high, while insiders—including the CEO—have sold shares recently.

Tema ETFs LLC cut its holdings in ATI Inc. (NYSE:ATI - Free Report) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,045 shares of the basic materials company's stock after selling 9,216 shares during the period. Tema ETFs LLC owned about 0.05% of ATI worth $14,200,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of ATI by 18.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 36,829 shares of the basic materials company's stock valued at $7,259,000 after acquiring an additional 5,617 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ATI during the second quarter worth approximately $569,000. Assenagon Asset Management S.A. increased its stake in ATI by 12.5% during the second quarter. Assenagon Asset Management S.A. now owns 657,117 shares of the basic materials company's stock worth $129,518,000 after acquiring an additional 73,087 shares during the last quarter. 55 North Private Wealth LLC purchased a new stake in ATI during the second quarter valued at approximately $236,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in ATI during the second quarter valued at approximately $238,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ATI shares. BTIG Research lifted their target price on ATI from $180.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Weiss Ratings upgraded ATI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. KeyCorp raised their price target on ATI from $175.00 to $211.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Wall Street Zen raised shares of ATI from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, TD Cowen boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $226.12.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the business's stock in a transaction dated 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. The trade was a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 152,199 shares of company stock worth $28,232,700. Company insiders own 0.98% of the company's stock.

ATI Stock Performance

ATI stock opened at $230.10 on Wednesday. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $239.23. The firm has a market cap of $31.40 billion, a price-to-earnings ratio of 67.48, a PEG ratio of 1.60 and a beta of 0.98. The business's fifty day simple moving average is $194.42 and its two-hundred day simple moving average is $166.23. 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 (NYSE:ATI - Get Free Report) last issued its 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. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business's revenue was up 10.6% on a year-over-year basis. During the same period in the previous 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. Analysts predict that ATI Inc. will post 5.09 earnings per share for the current year.

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.

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