Tidal Investments LLC Has $18.02 Million Position in ATI Inc. $ATI

Tidal Investments LLC lessened its stake in shares of ATI Inc. (NYSE:ATI) by 11.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,436 shares of the basic materials company’s stock after selling 12,230 shares during the period. Tidal Investments LLC owned 0.07% of ATI worth $18,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management grew its holdings in shares of ATI by 22.4% during the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 58 shares in the last quarter. Meeder Asset Management Inc. raised its stake in ATI by 2.8% in the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 74 shares in the last quarter. Lido Advisors LLC raised its stake in ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 101 shares in the last quarter. Signature Equity Partners LLC raised its stake 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 in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in ATI by 28.4% during the second quarter. Parkside Financial Bank & Trust now owns 610 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 135 shares during the period.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 2,485 shares of the stock in a transaction dated 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 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy J. Harris sold 16,500 shares of ATI stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $207.54, for a total value of $3,424,410.00. Following the sale, the vice president directly owned 113,687 shares in the company, valued at $23,594,599.98. The trade was a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 152,780 shares of company stock worth $30,667,938 in the last 90 days. Insiders own 0.98% of the company’s stock.

ATI Price Performance

ATI stock opened at $199.10 on Friday. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 1.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. The company has a 50 day simple moving average of $203.12 and a 200 day simple moving average of $178.49. ATI Inc. has a 1 year low of $75.02 and a 1 year high of $243.57.

ATI (NYSE:ATI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts anticipate that ATI Inc. will post 5.11 EPS for the current fiscal year.

Analysts Set New Price Targets

ATI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. TD Cowen upped their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company reiterated an “overweight” rating and set a $275.00 price target on shares of ATI in a research report on Monday, August 10th. Susquehanna lifted their price objective on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, ATI presently has a consensus rating of “Buy” and an average target price of $232.00.

ATI Company 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.