Emerald Advisers Inc. PA bought a new stake in shares of Allegheny Technologies Incorporated (NYSE:ATI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 323,733 shares of the basic materials company’s stock, valued at approximately $7,737,000. Emerald Advisers Inc. PA owned 0.30% of Allegheny Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ATI. Financial Architects Inc increased its position in Allegheny Technologies by 180.0% during the 2nd quarter. Financial Architects Inc now owns 7,000 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 4,500 shares during the period. Creative Planning increased its position in Allegheny Technologies by 2,619.9% during the 2nd quarter. Creative Planning now owns 7,534 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 7,257 shares during the period. Riverhead Capital Management LLC increased its position in Allegheny Technologies by 72.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,297 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 3,497 shares during the period. Strs Ohio acquired a new stake in Allegheny Technologies during the 3rd quarter valued at approximately $145,000. Finally, LS Investment Advisors LLC increased its position in Allegheny Technologies by 24.1% during the 2nd quarter. LS Investment Advisors LLC now owns 8,982 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 1,745 shares during the period.

Allegheny Technologies Incorporated (NYSE:ATI) opened at $25.78 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.68 and a quick ratio of 1.04. The firm has a market capitalization of $2.79 billion, a PE ratio of 183.36, a price-to-earnings-growth ratio of 4.86 and a beta of 2.44.

Allegheny Technologies (NYSE:ATI) last issued its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). Allegheny Technologies had a positive return on equity of 1.09% and a negative net margin of 2.45%. The company had revenue of $869.10 million for the quarter, compared to analysts’ expectations of $866.94 million. During the same period last year, the business earned ($0.21) EPS. Allegheny Technologies’s quarterly revenue was up 12.8% compared to the same quarter last year. equities analysts expect that Allegheny Technologies Incorporated will post 0.35 EPS for the current year.

ATI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Longbow Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Allegheny Technologies in a research report on Wednesday, August 23rd. BidaskClub raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Bank of America Corporation raised shares of Allegheny Technologies from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $24.00 in a research report on Monday, September 11th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $18.00 price objective on shares of Allegheny Technologies in a research report on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.57.

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About Allegheny Technologies

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.

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

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