Trexquant Investment LP bought a new position in Allegheny Technologies Incorporated (NYSE:ATI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,100 shares of the basic materials company’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently made changes to their positions in the company. NorthRock Partners LLC purchased a new position in shares of Allegheny Technologies during the first quarter worth approximately $746,000. Sei Investments Co. increased its position in shares of Allegheny Technologies by 82.9% in the first quarter. Sei Investments Co. now owns 374,519 shares of the basic materials company’s stock worth $6,726,000 after buying an additional 169,767 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Allegheny Technologies by 11.7% in the first quarter. Victory Capital Management Inc. now owns 2,407,572 shares of the basic materials company’s stock worth $43,240,000 after buying an additional 251,914 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of 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 worth $115,000 after buying an additional 2,480 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Allegheny Technologies by 1.1% in the first quarter. Mason Street Advisors LLC now owns 51,383 shares of the basic materials company’s stock worth $923,000 after buying an additional 544 shares in the last quarter. Institutional investors and hedge funds own 96.61% of the company’s stock.

Allegheny Technologies Incorporated (ATI) opened at 18.54 on Tuesday. Allegheny Technologies Incorporated has a 12-month low of $13.15 and a 12-month high of $23.69. The firm’s market cap is $2.02 billion. The stock’s 50 day moving average is $18.09 and its 200 day moving average is $17.77.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 EPS for the quarter, topping the 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%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) earnings per share. On average, equities research analysts expect that Allegheny Technologies Incorporated will post ($1.00) EPS for the current year.

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ATI has been the subject of a number of recent research reports. BidaskClub downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Berenberg Bank upgraded shares of Allegheny Technologies from a “sell” rating to a “hold” rating and boosted their target price for the stock from $16.10 to $17.20 in a report on Monday, April 24th. J P Morgan Chase & Co upgraded shares of Allegheny Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $14.50 to $19.00 in a report on Wednesday, July 26th. Finally, Cowen and Company reiterated a “hold” rating and issued a $18.00 target price on shares of Allegheny Technologies in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Allegheny Technologies has an average rating of “Hold” and an average price target of $19.65.

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.

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

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