Mountaineer Partners Management LLC Has $14.79 Million Stock Position in ATI Inc. $ATI

Mountaineer Partners Management LLC decreased its holdings in shares of ATI Inc. (NYSE:ATI) by 10.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 128,909 shares of the basic materials company’s stock after selling 15,111 shares during the period. ATI comprises 8.3% of Mountaineer Partners Management LLC’s portfolio, making the stock its 3rd largest holding. Mountaineer Partners Management LLC’s holdings in ATI were worth $14,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ATI. Norges Bank bought a new position in shares of ATI during the fourth quarter valued at approximately $198,787,000. Capital World Investors increased its stake in shares of ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after purchasing an additional 1,080,201 shares in the last quarter. Holocene Advisors LP increased its stake in shares of ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock valued at $124,785,000 after purchasing an additional 929,333 shares in the last quarter. UBS Group AG increased its stake in shares of ATI by 143.3% during the fourth quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock valued at $136,923,000 after purchasing an additional 702,656 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after purchasing an additional 609,874 shares in the last quarter.

Insider Transactions at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the sale, the chief executive officer owned 218,014 shares in the company, 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. Corporate insiders own 0.98% of the company’s stock.

ATI Price Performance

Shares of ATI opened at $198.07 on Monday. The company has a market capitalization of $27.03 billion, a P/E ratio of 65.59, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $163.49 and a 200 day moving average of $141.54. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $203.60.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating 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 quarter last year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, equities research analysts anticipate that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATI. BTIG Research raised their target price 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. Susquehanna raised their target price on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $164.38.

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.