Van Den Berg Management I Inc. Has $55.38 Million Holdings in Allegheny Technologies Incorporated (ATI)
Van Den Berg Management I Inc. decreased its position in Allegheny Technologies Incorporated (NYSE:ATI) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,294,146 shares of the basic materials company’s stock after selling 170,658 shares during the quarter. Allegheny Technologies accounts for approximately 6.2% of Van Den Berg Management I Inc.’s portfolio, making the stock its 2nd largest position. Van Den Berg Management I Inc.’s holdings in Allegheny Technologies were worth $55,381,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ATI. Frontier Capital Management Co. LLC raised its position in Allegheny Technologies by 35.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 7,848,107 shares of the basic materials company’s stock valued at $189,453,000 after purchasing an additional 2,065,137 shares during the period. Ameriprise Financial Inc. raised its position in Allegheny Technologies by 90.8% in the third quarter. Ameriprise Financial Inc. now owns 1,308,042 shares of the basic materials company’s stock valued at $31,264,000 after purchasing an additional 622,591 shares during the period. Emerald Advisers Inc. PA raised its position in Allegheny Technologies by 190.9% in the fourth quarter. Emerald Advisers Inc. PA now owns 941,793 shares of the basic materials company’s stock valued at $22,735,000 after purchasing an additional 618,060 shares during the period. Anchor Bolt Capital LP purchased a new stake in Allegheny Technologies in the third quarter valued at approximately $14,174,000. Finally, Keeley Teton Advisors LLC purchased a new stake in Allegheny Technologies in the fourth quarter valued at approximately $9,748,000.
Shares of Allegheny Technologies Incorporated (ATI) opened at $28.24 on Friday. Allegheny Technologies Incorporated has a 12-month low of $14.54 and a 12-month high of $30.25. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 2.69. The firm has a market capitalization of $3,548.67, a price-to-earnings ratio of 62.76 and a beta of 2.37.
A number of analysts have issued reports on the company. Cowen reissued a “hold” rating and issued a $23.00 target price on shares of Allegheny Technologies in a research report on Tuesday, December 12th. Bank of America raised Allegheny Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.61 to $32.00 in a research report on Friday, March 2nd. They noted that the move was a valuation call. Zacks Investment Research lowered Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. JPMorgan Chase & Co. upped their price objective on Allegheny Technologies from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Allegheny Technologies currently has an average rating of “Hold” and an average price target of $27.00.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/03/11/van-den-berg-management-i-inc-has-55-38-million-holdings-in-allegheny-technologies-incorporated-ati.html.
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.
Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegheny Technologies Incorporated (NYSE:ATI).
Receive News & Ratings for Allegheny Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies and related companies with MarketBeat.com's FREE daily email newsletter.