OLD National Bancorp IN maintained its position in shares of Allegheny Technologies Incorporated (NYSE:ATI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,461 shares of the basic materials company’s stock at the end of the second quarter. OLD National Bancorp IN’s holdings in Allegheny Technologies were worth $348,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning boosted its position in shares of Allegheny Technologies by 2,619.9% in the second quarter. Creative Planning now owns 7,534 shares of the basic materials company’s stock worth $128,000 after buying an additional 7,257 shares in the last quarter. New England Research & Management Inc. boosted its position in shares of Allegheny Technologies by 192.2% in the second quarter. New England Research & Management Inc. now owns 43,930 shares of the basic materials company’s stock worth $747,000 after buying an additional 28,895 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Allegheny Technologies by 0.9% in the first quarter. Earnest Partners LLC now owns 2,214,550 shares of the basic materials company’s stock worth $39,773,000 after buying an additional 19,973 shares in the last quarter. Pennant Capital Management LLC purchased a new position in shares of Allegheny Technologies during the first quarter worth approximately $55,750,000. Finally, State Street Corp boosted its position in shares of Allegheny Technologies by 5.5% in the first quarter. State Street Corp now owns 5,869,035 shares of the basic materials company’s stock worth $105,408,000 after buying an additional 307,747 shares in the last quarter. 96.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Allegheny Technologies Incorporated (NYSE:ATI) opened at 17.82 on Thursday. Allegheny Technologies Incorporated has a 1-year low of $13.15 and a 1-year high of $23.69. The company’s market capitalization is $1.94 billion. The company’s 50 day moving average price is $16.88 and its 200-day moving average price is $17.78.

Allegheny Technologies (NYSE:ATI) last released its earnings results on Tuesday, April 25th. The basic materials company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company had revenue of $865.90 million for the quarter, compared to the consensus estimate of $843.39 million. Allegheny Technologies had a negative return on equity of 1.84% and a negative net margin of 16.10%. Allegheny Technologies’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.94) earnings per share. On average, equities analysts forecast that Allegheny Technologies Incorporated will post ($1.00) earnings per share for the current year.

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A number of brokerages have recently commented on ATI. Zacks Investment Research cut Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub raised Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Cowen and Company reaffirmed a “hold” rating and set a $18.00 price target on shares of Allegheny Technologies in a research report on Tuesday, April 25th. Finally, Berenberg Bank raised Allegheny Technologies from a “sell” rating to a “hold” rating and upped their price target for the company from $16.10 to $17.20 in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.74.

Allegheny Technologies Company 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.

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

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