Systematic Financial Management LP lowered its position in shares of Allegheny Technologies Incorporated (NYSE:ATI) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,105 shares of the basic materials company’s stock after selling 680 shares during the quarter. Systematic Financial Management LP owned 0.15% of Allegheny Technologies worth $2,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of ATI. Pennant Capital Management LLC bought a new position in shares of Allegheny Technologies during the 1st quarter worth approximately $55,750,000. Iridian Asset Management LLC CT lifted its position in shares of Allegheny Technologies by 30.7% during the 2nd quarter. Iridian Asset Management LLC CT now owns 8,725,099 shares of the basic materials company’s stock worth $148,414,000 after buying an additional 2,047,830 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Allegheny Technologies by 39.2% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,911,486 shares of the basic materials company’s stock worth $70,250,000 after buying an additional 1,102,107 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Allegheny Technologies during the 2nd quarter worth approximately $13,737,000. Finally, Frontier Capital Management Co. LLC lifted its position in shares of Allegheny Technologies by 17.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,405,055 shares of the basic materials company’s stock worth $91,940,000 after buying an additional 805,856 shares in the last quarter. 96.61% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Allegheny Technologies Incorporated (ATI) Holdings Lowered by Systematic Financial Management LP” was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/allegheny-technologies-incorporated-ati-holdings-lowered-by-systematic-financial-management-lp/1561407.html.

Shares of Allegheny Technologies Incorporated (NYSE:ATI) opened at 22.54 on Thursday. The firm has a 50-day moving average of $19.55 and a 200-day moving average of $17.80. The stock’s market cap is $2.45 billion. Allegheny Technologies Incorporated has a one year low of $13.15 and a one year high of $23.69.

Allegheny Technologies (NYSE:ATI) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $880.20 million for the quarter, compared to the consensus estimate of $874.95 million. Allegheny Technologies had a negative net margin of 14.89% and a positive return on equity of 0.08%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. On average, equities research analysts expect that Allegheny Technologies Incorporated will post ($1.00) earnings per share for the current fiscal year.

Several equities analysts have commented on ATI shares. Zacks Investment Research raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Bank of America Corporation raised shares of Allegheny Technologies from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $24.00 in a research report on Monday. BidaskClub raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co raised shares of Allegheny Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $14.50 to $19.00 in a research report on Wednesday, July 26th. Finally, Longbow Research reissued a “buy” rating and set a $24.00 target price on shares of Allegheny Technologies in a research report on Wednesday, August 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.65.

Allegheny Technologies Profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.

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

Receive News & Ratings for Allegheny Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.