Allegheny Technologies Incorporated (ATI) : Oarsman Capital scooped up 55,465 additional shares in Allegheny Technologies Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 288,468 shares of Allegheny Technologies Incorporated which is valued at $4.1 Million.Allegheny Technologies Incorporated makes up approximately 2.21% of Oarsman Capital’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A sold out all of its stake in ATI during the most recent quarter. The investment firm sold 362,475 shares of ATI which is valued $5.1 Million. Sentry Investment Management sold out all of its stake in ATI during the most recent quarter. The investment firm sold 78,170 shares of ATI which is valued $1.1 Million. Spot Trading L.l.c sold out all of its stake in ATI during the most recent quarter. The investment firm sold 48 shares of ATI which is valued $680.Mcclain Value Management reduced its stake in ATI by selling 546,584 shares or 56.86% in the most recent quarter. The Hedge Fund company now holds 414,772 shares of ATI which is valued at $6.5 Million. Allegheny Technologies Incorporated makes up approx 5.25% of Mcclain Value Management’s portfolio.Quadrant Capital Group boosted its stake in ATI in the latest quarter, The investment management firm added 164 additional shares and now holds a total of 268 shares of Allegheny Technologies Incorporated which is valued at $4,379.
Allegheny Technologies Incorporated closed down -0.02 points or -0.18% at $11.23 with 41,89,238 shares getting traded on Friday. Post opening the session at $11.4, the shares hit an intraday low of $11.06 and an intraday high of $11.435 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 $-0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.56. The company had revenue of $757.50 million for the quarter, compared to analysts expectations of $796.57 million. The company’s revenue was down -32.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.
Investors should note that on May 6, 2016, Allegheny Technologies Incorporated announced a cash dividend of $0.0800. The company’s management has announced May 25, 2016 as the ex-dividend date and fixed the record date on May 27, 2016. The payable date has been fixed on Jun 9, 2016.
Many Wall Street Analysts have commented on Allegheny Technologies Incorporated. Company shares were Reiterated by Deutsche Bank on Mar 23, 2016 to “Hold”, Firm has raised the Price Target to $ 13 from a previous price target of $10 .Allegheny Technologies Incorporated was Initiated by Berenberg to “Hold” on Mar 3, 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.