Paradigm Capital Management Inc. NY Buys Shares of 18,000 ATI Inc. $ATI

Paradigm Capital Management Inc. NY bought a new stake in shares of ATI Inc. (NYSE:ATI) in the second quarter, Holdings Channel reports. The fund bought 18,000 shares of the basic materials company’s stock, valued at approximately $3,548,000.

Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC purchased a new position in ATI in the second quarter valued at approximately $30,000. Signature Equity Partners LLC grew its holdings 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 purchasing an additional 123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI in the second quarter worth $73,000. Meeder Asset Management Inc. purchased a new stake in ATI in the second quarter worth $77,000. Finally, Summit Securities Group LLC bought a new stake in shares of ATI in the first quarter valued at $60,000.

Insider Transactions at ATI

In related news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. This represents a 19.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 177,044 shares of company stock worth $33,976,616. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of recent research reports. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. TD Cowen lifted their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. boosted their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Susquehanna upped their price objective 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, KeyCorp increased their target price on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $232.00.

ATI Trading Up 1.4%

Shares of ATI stock opened at $209.95 on Tuesday. The stock has a market capitalization of $28.59 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 1.25 and a beta of 0.98. The company’s fifty day simple moving average is $200.48 and its two-hundred day simple moving average is $172.42. ATI Inc. has a 1 year low of $73.00 and a 1 year high of $243.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping 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 return on equity of 29.27% and a net margin of 10.09%.The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company 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. As a group, analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current year.

ATI 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.