Hawk Ridge Capital Management LP Lowers Stock Position in ATI Inc. $ATI

Hawk Ridge Capital Management LP decreased its position in ATI Inc. (NYSE:ATI) by 11.4% in the 1st quarter, HoldingsChannel reports. The firm owned 185,600 shares of the basic materials company’s stock after selling 23,900 shares during the period. Hawk Ridge Capital Management LP’s holdings in ATI were worth $26,997,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ATI. Royal Bank of Canada raised its position in shares of ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares during the period. Cetera Investment Advisers acquired a new position in ATI in the 2nd quarter valued at $324,000. M&T Bank Corp purchased a new position in shares of ATI during the 2nd quarter worth $317,000. Finally, First Trust Advisors LP lifted its stake in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ATI shares. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised their price target on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. BTIG Research upped their price objective on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, TD Cowen raised their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, ATI currently has an average rating of “Buy” and a consensus price target of $176.78.

ATI Stock Performance

ATI stock opened at $192.39 on Tuesday. The company has a market cap of $26.25 billion, a price-to-earnings ratio of 63.70, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $205.31. The stock’s 50-day moving average is $186.18 and its 200-day moving average is $159.98.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. ATI’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts anticipate that ATI Inc. will post 4.49 earnings per share for the current year.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 160,442 shares of company stock worth $28,535,831. Insiders own 0.98% of the company’s stock.

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.