NorthRock Partners LLC decreased its stake in Allegheny Technologies Incorporated (NYSE:ATI) by 73.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,981 shares of the basic materials company’s stock after selling 30,557 shares during the period. NorthRock Partners LLC’s holdings in Allegheny Technologies were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATI. Bank of Montreal Can lifted its holdings in shares of Allegheny Technologies by 14.4% in the 1st quarter. Bank of Montreal Can now owns 10,142 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 1,276 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Allegheny Technologies by 63.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,380 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 2,480 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Allegheny Technologies by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 38,146 shares of the basic materials company’s stock worth $685,000 after purchasing an additional 500 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Allegheny Technologies by 3.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 67,616 shares of the basic materials company’s stock worth $1,213,000 after purchasing an additional 2,301 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Allegheny Technologies by 0.7% in the 1st quarter. State Treasurer State of Michigan now owns 44,200 shares of the basic materials company’s stock worth $794,000 after purchasing an additional 300 shares during the last quarter. 96.61% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “NorthRock Partners LLC Sells 30,557 Shares of Allegheny Technologies Incorporated (ATI)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/22/northrock-partners-llc-sells-30557-shares-of-allegheny-technologies-incorporated-ati.html.

Several analysts recently issued reports on the company. BidaskClub raised Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Longbow Research reissued a “buy” rating and issued a $24.00 price target on shares of Allegheny Technologies in a report on Wednesday, August 23rd. J P Morgan Chase & Co raised Allegheny Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $14.50 to $19.00 in a report on Wednesday, July 26th. Finally, Bank of America Corporation raised Allegheny Technologies from an “underperform” rating to a “buy” rating and raised their price target for the stock from $16.00 to $24.00 in a report on Monday, September 11th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Allegheny Technologies currently has an average rating of “Hold” and an average target price of $20.65.

Allegheny Technologies Incorporated (NYSE ATI) traded up 1.80% during mid-day trading on Friday, reaching $23.15. The company had a trading volume of 432,981 shares. The company’s 50 day moving average is $20.09 and its 200 day moving average is $17.92. Allegheny Technologies Incorporated has a 52-week low of $13.15 and a 52-week high of $24.00. The stock’s market capitalization is $2.52 billion.

Allegheny Technologies (NYSE:ATI) last announced its 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 business had revenue of $880.20 million for the quarter, compared to the consensus estimate 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 was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. Equities analysts predict that Allegheny Technologies Incorporated will post ($1.00) earnings per share for the current year.

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)

Receive News & Stock Ratings for Allegheny Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies Incorporated and related stocks with our FREE daily email newsletter.