Blenheim Capital Management BV bought a new position in shares of Allegheny Technologies Incorporated (NYSE:ATI) during the fourth quarter, Holdings Channel reports. The firm bought 62,102 shares of the company’s stock, valued at approximately $989,000. Allegheny Technologies accounts for about 1.7% of Blenheim Capital Management BV’s holdings, making the stock its 15th largest position. Blenheim Capital Management BV owned approximately 0.06% of Allegheny Technologies as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. State Treasurer State of Michigan raised its stake in Allegheny Technologies by 0.5% in the third quarter. State Treasurer State of Michigan now owns 43,900 shares of the company’s stock valued at $793,000 after buying an additional 200 shares during the period. Amalgamated Bank raised its stake in Allegheny Technologies by 2.1% in the second quarter. Amalgamated Bank now owns 13,482 shares of the company’s stock valued at $237,000 after buying an additional 277 shares during the period. Paradigm Capital Management Inc. NY raised its stake in Allegheny Technologies by 1.1% in the third quarter. Paradigm Capital Management Inc. NY now owns 34,475 shares of the company’s stock valued at $623,000 after buying an additional 375 shares during the period. Baird Financial Group Inc. raised its stake in Allegheny Technologies by 2.0% in the fourth quarter. Baird Financial Group Inc. now owns 21,902 shares of the company’s stock valued at $349,000 after buying an additional 422 shares during the period. Finally, LS Investment Advisors LLC raised its stake in Allegheny Technologies by 7.7% in the third quarter. LS Investment Advisors LLC now owns 7,499 shares of the company’s stock valued at $136,000 after buying an additional 533 shares during the period. Institutional investors and hedge funds own 97.20% of the company’s stock.

Institutional Ownership by Quarter for Allegheny Technologies (NYSE:ATI)

Shares of Allegheny Technologies Incorporated (NYSE:ATI) traded down 2.88% during midday trading on Thursday, hitting $20.59. 1,933,863 shares of the company’s stock traded hands. The firm’s market capitalization is $2.24 billion. Allegheny Technologies Incorporated has a 1-year low of $10.81 and a 1-year high of $23.69. The company has a 50 day moving average price of $19.10 and a 200 day moving average price of $17.43.

Allegheny Technologies (NYSE:ATI) last posted its earnings results on Tuesday, January 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. Allegheny Technologies had a negative net margin of 20.45% and a negative return on equity of 6.15%. The business had revenue of $796 million for the quarter, compared to analyst estimates of $800.11 million. During the same period last year, the business posted ($0.56) EPS. Allegheny Technologies’s revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Allegheny Technologies Incorporated will post ($1.00) earnings per share for the current year.

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Several research firms recently weighed in on ATI. Berenberg Bank lowered shares of Allegheny Technologies from a “hold” rating to a “sell” rating and set a $16.10 price objective on the stock. in a research note on Thursday, February 2nd. Bank of America Corporation lowered shares of Allegheny Technologies from a “buy” rating to an “underperform” rating and set a $16.00 price objective on the stock. in a research note on Friday, January 20th. Seaport Global Securities lowered shares of Allegheny Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $18.00 in a research note on Thursday, January 5th. Finally, Deutsche Bank AG lowered shares of Allegheny Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $17.00 in a research note on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $20.26.

About Allegheny Technologies

Allegheny Technologies Incorporated (ATI) is a specialty materials and components producer. The Company operates through two business segments: High Performance Materials & Components and Flat Rolled Products. ATI’s products include titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel.

5 Day Chart for NYSE:ATI

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