Allegheny Technologies Incorporated (ATI) : Mengis Capital Management reduced its stake in Allegheny Technologies Incorporated by 7.76% during the most recent quarter end. The investment management company now holds a total of 57,246 shares of Allegheny Technologies Incorporated which is valued at $1,006,385 after selling 4,816 shares in Allegheny Technologies Incorporated , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Allegheny Technologies Incorporated makes up approximately 0.85% of Mengis Capital Management’s portfolio.
Other Hedge Funds, Including , Lapides Asset Management boosted its stake in ATI in the latest quarter, The investment management firm added 23,600 additional shares and now holds a total of 599,000 shares of Allegheny Technologies Incorporated which is valued at $10,530,420. Allegheny Technologies Incorporated makes up approx 1.73% of Lapides Asset Management’s portfolio.Private Harbour Investment Management Counsel reduced its stake in ATI by selling 6,925 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 145,865 shares of ATI which is valued at $2,577,435. Allegheny Technologies Incorporated makes up approx 2.07% of Private Harbour Investment Management Counsel’s portfolio.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. Ibm Retirement Fund sold out all of its stake in ATI during the most recent quarter. The investment firm sold 10,970 shares of ATI which is valued $165,866.
Allegheny Technologies Incorporated opened for trading at $17.3 and hit $18.07 on the upside on Monday, eventually ending the session at $17.99, with a gain of 5.02% or 0.86 points. The heightened volatility saw the trading volume jump to 26,49,970 shares. Company has a market cap of $1,960 M.
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.