SG Americas Securities LLC Raises Stock Position in ATI Inc. $ATI

SG Americas Securities LLC boosted its stake in ATI Inc. (NYSE:ATI) by 1,471.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,075,368 shares of the basic materials company’s stock after purchasing an additional 1,006,951 shares during the period. SG Americas Securities LLC’s holdings in ATI were worth $156,423,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in shares of ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after buying an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of ATI in the third quarter worth $34,000. Allworth Financial LP increased its position in ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 180 shares during the last quarter. Torren Management LLC purchased a new stake in ATI during the fourth quarter valued at $52,000. Finally, ARK Investment Management LLC lifted its holdings in ATI by 378.7% in the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 587 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ATI shares. KeyCorp raised their target price on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped 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. BTIG Research raised their price objective on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. Finally, Susquehanna upped their target price on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ATI currently has a consensus rating of “Buy” and a consensus target price of $164.38.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of the 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 completion of the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.98% of the company’s stock.

ATI Stock Performance

NYSE:ATI opened at $201.31 on Monday. The stock has a 50-day simple moving average of $168.39 and a two-hundred day simple moving average of $145.00. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $203.60. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The firm has a market capitalization of $27.47 billion, a PE ratio of 66.66, a P/E/G ratio of 1.73 and a beta of 0.96.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Analysts forecast that ATI Inc. will post 4.43 EPS for the current year.

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.