Mountaineer Partners Management LLC Purchases 21,050 Shares of ATI Inc. $ATI

Mountaineer Partners Management LLC boosted its position in ATI Inc. (NYSE:ATI) by 17.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,020 shares of the basic materials company’s stock after acquiring an additional 21,050 shares during the period. ATI accounts for about 6.8% of Mountaineer Partners Management LLC’s holdings, making the stock its 5th biggest position. Mountaineer Partners Management LLC owned approximately 0.11% of ATI worth $11,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. raised its position in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares during the period. Prestige Wealth Management Group LLC bought a new position in shares of ATI in the 3rd quarter worth $34,000. ARK Investment Management LLC grew its position in ATI by 378.7% in the 3rd quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 587 shares during the period. Nomura Asset Management Co. Ltd. grew its position in ATI by 56.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 260 shares during the period. Finally, Optiver Holding B.V. increased its stake in ATI by 274.0% during the 3rd quarter. Optiver Holding B.V. now owns 864 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 633 shares in the last quarter.

ATI Price Performance

ATI opened at $147.63 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The company has a market capitalization of $20.22 billion, a price-to-earnings ratio of 51.98, a P/E/G ratio of 1.41 and a beta of 0.95. The firm’s fifty day moving average price is $138.47 and its two-hundred day moving average price is $109.36. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $168.14.

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

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

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the transaction, the chairman directly owned 132,676 shares in the company, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ATI shares. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. BTIG Research raised their price target on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, KeyCorp lifted their price target on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $133.00.

ATI 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.