Fdo Partners adds Allegheny Technologies Incorporated (ATI) to its portfolio

Allegheny Technologies Incorporated (ATI) : Fdo Partners added new position in Allegheny Technologies Incorporated during the most recent quarter end. The investment management firm now holds 126,025 shares of Allegheny Technologies Incorporated which is valued at $2,158,808 , the company said in a statement filed on Aug 10, 2016 with the SEC.Allegheny Technologies Incorporated makes up approximately 1.11% of Fdo Partners’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A added ATI to its portfolio by purchasing 7,902 company shares during the most recent quarter which is valued at $135,361.Victory Capital Management Inc boosted its stake in ATI in the latest quarter, The investment management firm added 2,149,896 additional shares and now holds a total of 2,671,792 shares of Allegheny Technologies Incorporated which is valued at $46,970,103. Allegheny Technologies Incorporated makes up approx 0.19% of Victory Capital Management Inc’s portfolio.Great West Life Assurance Co Can boosted its stake in ATI in the latest quarter, The investment management firm added 51,618 additional shares and now holds a total of 65,315 shares of Allegheny Technologies Incorporated which is valued at $1,154,116.Icm Asset Management Incwa boosted its stake in ATI in the latest quarter, The investment management firm added 42,910 additional shares and now holds a total of 81,590 shares of Allegheny Technologies Incorporated which is valued at $1,453,118. Allegheny Technologies Incorporated makes up approx 1.97% of Icm Asset Management Incwa’s portfolio.

Allegheny Technologies Incorporated closed down -0.47 points or -2.64% at $17.36 with 12,76,457 shares getting traded on Friday. Post opening the session at $17.58, the shares hit an intraday low of $17.16 and an intraday high of $17.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Allegheny Technologies Incorporated reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $-0.37. The company had revenue of $810.50 million for the quarter, compared to analysts expectations of $795.70 million. The company’s revenue was down -20.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.15 EPS.

Many Wall Street Analysts have commented on Allegheny Technologies Incorporated. Allegheny Technologies Incorporated was Upgraded by BofA/Merrill to ” Buy” on May 23, 2016.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Company’s standard products include specialty stainless sheet stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. It’s High Performance Materials & Components segment produces converts and distributes high performance materials including titanium and titanium-based alloys nickel- and cobalt-based alloys and superalloys zirconium and related alloys. It’s Flat Rolled Products segment produces converts and distributes stainless steel nickel-based alloys specialty alloys and titanium and titanium-based alloys.

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