ING Groep NV bought a new position in shares of Allegheny Technologies Incorporated (NYSE:ATI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,238 shares of the basic materials company’s stock, valued at approximately $225,000.

Several other institutional investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in Allegheny Technologies by 63.6% in the first quarter. Nisa Investment Advisors LLC now owns 6,380 shares of the basic materials company’s stock valued at $115,000 after buying an additional 2,480 shares in the last quarter. Neuburgh Advisers LLC raised its stake in Allegheny Technologies by 1.1% in the first quarter. Neuburgh Advisers LLC now owns 6,528 shares of the basic materials company’s stock valued at $117,000 after buying an additional 68 shares in the last quarter. Financial Architects Inc raised its stake in Allegheny Technologies by 180.0% in the second quarter. Financial Architects Inc now owns 7,000 shares of the basic materials company’s stock valued at $119,000 after buying an additional 4,500 shares in the last quarter. Creative Planning raised its stake in Allegheny Technologies by 2,619.9% in the second quarter. Creative Planning now owns 7,534 shares of the basic materials company’s stock valued at $128,000 after buying an additional 7,257 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Allegheny Technologies by 24.1% in the second quarter. LS Investment Advisors LLC now owns 8,982 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,745 shares in the last quarter. 96.61% of the stock is currently owned by institutional investors.

Shares of Allegheny Technologies Incorporated (NYSE ATI) traded down 0.78% during midday trading on Friday, reaching $17.89. The company’s stock had a trading volume of 1,218,573 shares. The stock has a 50 day moving average price of $17.83 and a 200-day moving average price of $17.97. The company’s market capitalization is $1.95 billion. Allegheny Technologies Incorporated has a 52-week low of $13.15 and a 52-week high of $23.69.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company had revenue of $880.20 million for the quarter, compared to analyst estimates of $874.95 million. Allegheny Technologies had a positive return on equity of 0.08% and a negative net margin of 14.89%. Allegheny Technologies’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) EPS. Equities research analysts expect that Allegheny Technologies Incorporated will post ($1.00) EPS for the current year.

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Several equities research analysts recently issued reports on the company. J P Morgan Chase & Co raised Allegheny Technologies from an “underweight” rating to a “neutral” rating and upped their price target for the company from $14.50 to $19.00 in a research report on Wednesday, July 26th. BidaskClub lowered Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Cowen and Company reissued 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.65.

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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