38,328 Shares in ATI Inc. $ATI Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new position in shares of ATI Inc. (NYSE:ATI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 38,328 shares of the basic materials company’s stock, valued at approximately $3,118,000.

Other large investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new position in shares of ATI during the third quarter valued at $3,664,000. Channing Capital Management LLC lifted its stake in ATI by 34.2% in the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after acquiring an additional 282,529 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in ATI by 27.4% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock worth $3,228,000 after acquiring an additional 8,532 shares during the period. Intech Investment Management LLC grew its stake in ATI by 96.6% during the 3rd quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after acquiring an additional 25,590 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in ATI by 108.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock valued at $32,212,000 after acquiring an additional 194,518 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Alembic Global Advisors began coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. BTIG Research upped their price objective on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. Finally, KeyCorp lifted their target price on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $133.00.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the transaction, the chairman owned 132,676 shares in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. The trade was a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

ATI Stock Down 2.8%

Shares of ATI stock opened at $141.94 on Monday. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 49.98, a P/E/G ratio of 1.41 and a beta of 0.95. The stock has a 50-day simple moving average of $137.91 and a 200-day simple moving average of $108.87. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $168.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI announced that its board has initiated a stock repurchase program on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.