Sequoia Financial Advisors LLC Has $6.61 Million Stock Holdings in ATI Inc. $ATI

Sequoia Financial Advisors LLC boosted its position in ATI Inc. (NYSE:ATI) by 485.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,554 shares of the basic materials company’s stock after buying an additional 27,826 shares during the period. Sequoia Financial Advisors LLC’s holdings in ATI were worth $6,613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arlington Capital Management Inc. bought a new stake in shares of ATI during the second quarter worth about $239,000. WINTON GROUP Ltd increased its position in shares of ATI by 50.5% during the 2nd quarter. WINTON GROUP Ltd now owns 13,394 shares of the basic materials company’s stock valued at $2,640,000 after purchasing an additional 4,494 shares during the last quarter. Engineers Gate Manager LP increased its holdings in ATI by 26.3% during the second quarter. Engineers Gate Manager LP now owns 87,049 shares of the basic materials company’s stock worth $17,157,000 after buying an additional 18,104 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of ATI by 7.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,890 shares of the basic materials company’s stock worth $1,161,000 after purchasing an additional 425 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of ATI by 50.3% in the second quarter. NewEdge Advisors LLC now owns 5,967 shares of the basic materials company’s stock valued at $1,176,000 after buying an additional 1,998 shares during the period.

ATI Trading Down 0.1%

NYSE:ATI opened at $198.71 on Friday. 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 $75.02 and a 12 month high of $243.57. The company has a 50-day moving average price of $203.34 and a 200-day moving average price of $178.63. The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 58.27, a P/E/G ratio of 1.21 and a beta of 1.01.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.74 EPS. The business’s revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Equities analysts predict that ATI Inc. will post 5.11 EPS for the current year.

Insider Buying and Selling

In related news, VP Timothy Harris sold 16,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $207.54, for a total transaction of $3,424,410.00. Following the sale, the vice president owned 113,687 shares of the company’s stock, valued at $23,594,599.98. The trade was a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Morehouse sold 2,485 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the sale, the director directly owned 35,826 shares in the company, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 152,780 shares of company stock valued at $30,667,938 over the last quarter. Corporate insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. BTIG Research raised their price target on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $262.00 price target on shares of ATI in a research note 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 stock. Based on data from MarketBeat, ATI presently has an average rating of “Buy” and an average price target of $232.00.

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.