Assenagon Asset Management S.A. Decreases Holdings in ATI Inc. $ATI

Assenagon Asset Management S.A. reduced its holdings in shares of ATI Inc. (NYSE:ATI) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,818 shares of the basic materials company’s stock after selling 41,815 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ATI were worth $2,963,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC raised its position in shares of ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 402 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new position in ATI in the third quarter valued at approximately $34,000. Allworth Financial LP increased its stake in ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares during the last quarter. Finally, ARK Investment Management LLC raised its holdings in ATI by 378.7% during the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 587 shares in the last quarter.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s 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 transaction, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ATI shares. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 price target on shares of ATI in a research report on Wednesday, February 4th. KeyCorp assumed coverage on shares of ATI in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Alembic Global Advisors began coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to MarketBeat, ATI currently has a consensus rating of “Buy” and an average price target of $134.00.

ATI Price Performance

Shares of NYSE ATI opened at $135.76 on Tuesday. The stock has a market cap of $18.53 billion, a P/E ratio of 47.80, a P/E/G ratio of 1.39 and a beta of 0.95. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $168.14. The stock has a 50 day moving average of $142.96 and a two-hundred day moving average of $114.17. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm 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, research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

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