Hudson Bay Capital Management LP Has $12.59 Million Stock Position in ATI Inc. $ATI

Hudson Bay Capital Management LP lessened its stake in ATI Inc. (NYSE:ATI) by 25.2% in the third quarter, Holdings Channel reports. The firm owned 154,784 shares of the basic materials company’s stock after selling 52,019 shares during the quarter. Hudson Bay Capital Management LP’s holdings in ATI were worth $12,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. grew its holdings in shares of ATI by 2,010.0% during the 3rd 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 during the last quarter. Prestige Wealth Management Group LLC bought a new position in ATI in the 3rd quarter valued at approximately $34,000. Allworth Financial LP lifted its stake in ATI by 50.8% in the 3rd 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. ARK Investment Management LLC boosted its position 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 buying an additional 587 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in ATI by 56.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after buying an additional 260 shares in the last quarter.

ATI Price Performance

ATI stock opened at $147.63 on Friday. The stock’s 50 day moving average is $140.18 and its 200 day moving average is $110.40. ATI Inc. has a one year low of $39.23 and a one year high of $168.14. The firm has a market cap of $20.22 billion, a P/E ratio of 51.98, a P/E/G ratio of 1.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business 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 firm posted $0.79 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. 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, research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

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

Insider Buying and Selling at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the 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 completion of the sale, the director directly owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ATI. Susquehanna set a $155.00 price target on shares of ATI in a report on Wednesday, February 4th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Alembic Global Advisors initiated coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price for the company. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $133.00.

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.