Tudor Investment 13F: New $18M Stake in ATI

Tudor Investment Backs ATI with New Position

Tudor Investment has established a brand-new stake in ATI Inc. (NYSE:ATI), according to the fund's latest Form 13F filing with the Securities and Exchange Commission. The hedge fund acquired 88,935 shares of the Dallas-based specialty materials producer. The newly purchased block of shares carried a reported value of $18.15 million at the end of the reporting period.

This position represents a fresh commitment for Tudor Investment, which held zero shares of the metal fabrication firm prior to the period. The fund purchased the shares at an average cost basis of $140.41. Because 13F filings are backward-looking documents, they show a fund's holdings as of the close of the specific reporting period and may not reflect real-time trading decisions or current portfolio positioning.

ATI Stock Performance and Market Position

Shares of ATI Inc. closed at $204.09 on Friday, reflecting a strong period of trading for the metal fabrication specialist. The stock has traded in a wide 52-week range, moving from a low of $75.02 to a high of $243.57. ATI shares are currently trading above their 50-day moving average of $203.05 and are positioned significantly higher than their 200-day moving average of $163.29.

With a total market capitalization of approximately $25.76 billion, ATI is priced at a price-to-earnings ratio of 55.47. Investors looking at future earnings expectations will note a forward P/E ratio of 29.68. The stock has a beta of 1.01, indicating its price volatility is closely aligned with the broader market.

Double-Digit Revenue Growth and Strong Financials

ATI has shown steady financial performance in its recent operating periods. The company generated total revenue of $4.72 billion over the trailing twelve months, representing a year-over-year revenue growth rate of 10.6%.

Profitability metrics remain healthy, with ATI delivering diluted earnings per share of $3.41. The company achieved a net margin of 10.09% and generated a return on equity of 25.36%. Looking ahead, ATI is scheduled to release its next quarterly earnings results on October 27, 2026.

Wall Street Analysts Maintain Bullish Outlook

Wall Street research firms have kept a highly favorable view of ATI, with a consensus recommendation key of strong buy among the nine analysts covering the stock. The average price target stands at $259.89, with individual analyst targets ranging from a low of $245.00 to a high of $275.00.

On October 8, 2026, Keybanc adjusted its price target on ATI to $228.00 from $258.00 while keeping its Overweight rating. This followed a September 30, 2026 report from Wells Fargo, which maintained its Overweight rating with a $240.00 price target. Earlier in the summer, on August 7, 2026, Susquehanna kept its Positive rating with a $265.00 price target, and BTIG maintained a Buy rating with a target of $270.00. TD Cowen also reiterated its Buy rating on July 13, 2026, with a $210.00 price target.

Specialized Metals for High-Tech Industries

ATI Inc. designs, produces, and markets specialty materials and complex components across the globe. The company operates through two primary divisions: High Performance Materials & Components, and Advanced Alloys & Solutions. It manufactures critical metals, including titanium alloys, nickel- and cobalt-based superalloys, and precision forgings. These products are vital for extreme environments in the aerospace, defense, medical, and specialized energy sectors.

What to Watch at ATI Inc.

Market observers will want to monitor ATI's upcoming earnings release on October 27, 2026, to see if the company's double-digit revenue growth and strong margins continue to hold. Additionally, future quarterly institutional filings will reveal whether Tudor Investment decides to build upon this new $18.15 million position or if other major institutional players follow suit in backing the specialty materials manufacturer.