Tidal Investments LLC Sells 12,230 Shares of ATI Inc. $ATI

Tidal Investments LLC lessened its holdings in shares of ATI Inc. (NYSE:ATI) by 11.8% during the second quarter, Holdings Channel.com reports. The firm owned 91,436 shares of the basic materials company’s stock after selling 12,230 shares during the quarter. Tidal Investments LLC’s holdings in ATI were worth $18,022,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Signature Equity Partners LLC increased its holdings in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 123 shares during the period. CoreCap Advisors LLC acquired a new position in ATI during the 2nd quarter worth about $30,000. Summit Securities Group LLC bought a new stake in shares of ATI in the 1st quarter valued at about $60,000. Triumph Capital Management grew its position in shares of ATI by 22.4% in the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock valued at $62,000 after buying an additional 58 shares during the last quarter. Finally, Hollencrest Capital Management increased its stake in shares of 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 buying an additional 334 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BTIG Research raised their price objective on ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research 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. Susquehanna increased their target price on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $275.00 price target on shares of ATI in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $232.00.

Insiders Place Their Bets

In other ATI news, CEO Kimberly Fields sold 24,845 shares of ATI stock in a transaction that occurred 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 directly owned 100,719 shares in the company, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Morehouse sold 2,485 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the transaction, the director directly owned 35,826 shares in the company, valued at approximately $7,222,879.86. This trade represents a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 152,780 shares of company stock worth $30,667,938. 0.98% of the stock is owned by corporate insiders.

ATI Stock Performance

Shares of ATI stock opened at $199.10 on Friday. The business has a 50-day moving average price of $203.12 and a two-hundred day moving average price of $178.49. ATI Inc. has a 1-year low of $75.02 and a 1-year high of $243.57. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The company has a market cap of $27.11 billion, a P/E ratio of 58.39, a PEG ratio of 1.26 and a beta of 1.01.

ATI (NYSE:ATI) last announced its quarterly earnings data 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 return on equity of 29.27% and a net margin of 10.09%.The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.74 EPS. 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. As a group, analysts anticipate that ATI Inc. will post 5.11 EPS for the current year.

ATI Profile

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.

The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc’s specialty metals operations and adopted the name ATI Inc in 2021.