Gallo Partners LP Acquires Shares of 2,974 ATI Inc. $ATI

Gallo Partners LP acquired a new stake in shares of ATI Inc. (NYSE:ATI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,974 shares of the basic materials company’s stock, valued at approximately $586,000. ATI accounts for 1.3% of Gallo Partners LP’s portfolio, making the stock its 28th largest holding.

Several other large investors have also made changes to their positions in ATI. Signature Equity Partners LLC raised its holdings in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 123 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in ATI in the second quarter valued at $30,000. Torren Management LLC purchased a new stake in ATI in the fourth quarter valued at $52,000. Summit Securities Group LLC acquired a new stake in ATI during the 1st quarter worth about $60,000. Finally, Hollencrest Capital Management grew its position in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares during the period.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the sale, the chief executive officer directly owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 177,044 shares of company stock valued at $33,976,616 over the last quarter. 0.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ATI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Susquehanna lifted their price target on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research report on Friday, August 7th. KeyCorp upped their price objective on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, TD Cowen raised their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $232.00.

ATI Trading Down 0.1%

ATI stock opened at $206.84 on Monday. The company’s 50-day simple moving average is $200.19 and its 200-day simple moving average is $171.84. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. ATI Inc. has a 52-week low of $71.94 and a 52-week high of $243.57. The firm has a market cap of $28.17 billion, a P/E ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98.

ATI (NYSE:ATI) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $0.74 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. 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, equities analysts forecast that ATI Inc. will post 5.15 EPS for the current fiscal year.

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.