Allegheny Technologies Incorporated (ATI) : Private Harbour Investment Management Counsel reduced its stake in Allegheny Technologies Incorporated by 4.53% during the most recent quarter end. The investment management company now holds a total of 145,865 shares of Allegheny Technologies Incorporated which is valued at $2,577,435 after selling 6,925 shares in Allegheny Technologies Incorporated , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Allegheny Technologies Incorporated makes up approximately 2.07% of Private Harbour Investment Management Counsel’s portfolio.
Other Hedge Funds, Including , Bbva Compass Bancshares Inc reduced its stake in ATI by selling 5,261 shares or 20.79% in the most recent quarter. The Hedge Fund company now holds 20,046 shares of ATI which is valued at $357,019. Allegheny Technologies Incorporated makes up approx 0.03% of Bbva Compass Bancshares Inc’s portfolio.Retirement Systems Of Alabama boosted its stake in ATI in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 140,450 shares of Allegheny Technologies Incorporated which is valued at $2,522,482. Allegheny Technologies Incorporated makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Ls Investment Advisors boosted its stake in ATI in the latest quarter, The investment management firm added 3,160 additional shares and now holds a total of 6,966 shares of Allegheny Technologies Incorporated which is valued at $105,326. Allegheny Technologies Incorporated makes up approx 0.01% of Ls Investment Advisors’s portfolio.
Allegheny Technologies Incorporated closed down -0.41 points or -2.32% at $17.26 with 12,38,656 shares getting traded on Thursday. Post opening the session at $17.66, the shares hit an intraday low of $16.99 and an intraday high of $17.66 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.