Gamco Investors INC. ET AL reduced its stake in shares of Allegheny Technologies Incorporated (NYSE:ATI) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 923,900 shares of the basic materials company’s stock after selling 23,300 shares during the period. Gamco Investors INC. ET AL’s holdings in Allegheny Technologies were worth $22,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Allegheny Technologies by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 9,137,494 shares of the basic materials company’s stock worth $155,430,000 after purchasing an additional 55,412 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Allegheny Technologies by 0.4% during the 4th quarter. Iridian Asset Management LLC CT now owns 8,649,563 shares of the basic materials company’s stock worth $208,800,000 after buying an additional 35,508 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Allegheny Technologies by 35.7% during the 4th quarter. Frontier Capital Management Co. LLC now owns 7,848,107 shares of the basic materials company’s stock worth $189,453,000 after buying an additional 2,065,137 shares during the last quarter. Northern Trust Corp raised its stake in shares of Allegheny Technologies by 1.3% during the 2nd quarter. Northern Trust Corp now owns 2,039,311 shares of the basic materials company’s stock worth $34,690,000 after buying an additional 25,526 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Allegheny Technologies by 90.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,308,042 shares of the basic materials company’s stock worth $31,264,000 after buying an additional 622,591 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Shares of Allegheny Technologies Incorporated (NYSE:ATI) opened at $25.87 on Thursday. The company has a quick ratio of 1.04, a current ratio of 2.69 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3,255.77, a PE ratio of -30.08 and a beta of 2.44. Allegheny Technologies Incorporated has a fifty-two week low of $14.54 and a fifty-two week high of $30.25.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, January 23rd. The basic materials company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $909.90 million during the quarter, compared to analysts’ expectations of $898.22 million. Allegheny Technologies had a positive return on equity of 3.47% and a negative net margin of 2.61%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. equities research analysts forecast that Allegheny Technologies Incorporated will post 1.23 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on ATI shares. Cowen reaffirmed a “buy” rating and set a $32.00 price target on shares of Allegheny Technologies in a research note on Tuesday, January 23rd. Bank of America reissued a “neutral” rating and issued a $32.00 target price on shares of Allegheny Technologies in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Buckingham Research boosted their target price on shares of Allegheny Technologies from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp reissued a “hold” rating on shares of Allegheny Technologies in a research note on Thursday, November 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allegheny Technologies from $18.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.50.

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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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