Gamco Investors INC. ET AL Sells 21,600 Shares of ATI Inc. $ATI

Gamco Investors INC. ET AL reduced its holdings in shares of ATI Inc. (NYSE:ATI) by 5.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 361,500 shares of the basic materials company’s stock after selling 21,600 shares during the quarter. Gamco Investors INC. ET AL’s holdings in ATI were worth $52,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signature Equity Partners LLC boosted its holdings in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the period. Allworth Financial LP boosted its stake in ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares during the period. Torren Management LLC acquired a new position in ATI in the 4th quarter valued at $52,000. Summit Securities Group LLC bought a new position in ATI during the 1st quarter worth $60,000. Finally, Hollencrest Capital Management lifted its holdings in shares of ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after buying an additional 334 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ATI shares. Wells Fargo & Company assumed coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price target on the stock. KeyCorp raised their target price on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. TD Cowen boosted their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, ATI presently has a consensus rating of “Buy” and an average target price of $176.78.

ATI Price Performance

ATI stock opened at $197.47 on Friday. The stock has a fifty day moving average of $185.32 and a 200-day moving average of $159.20. The stock has a market capitalization of $26.95 billion, a P/E ratio of 65.39, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $205.31.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, sell-side analysts expect that ATI Inc. will post 4.49 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 160,442 shares of company stock valued at $28,535,831. 0.98% of the stock is owned by corporate insiders.

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.