Allegheny Technologies Incorporated (NYSE:ATI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Allegheny Technologies Incorporated (NYSE:ATI) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,170 shares of the basic materials company’s stock after selling 11,474 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Allegheny Technologies worth $4,330,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ATI. Mesirow Financial Investment Management Equity Management purchased a new stake in Allegheny Technologies during the 3rd quarter valued at $15,660,000. Ameriprise Financial Inc. increased its stake 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 worth $31,264,000 after purchasing an additional 622,591 shares during the period. Broadview Advisors LLC purchased a new stake in Allegheny Technologies in the second quarter worth $8,691,000. Frontier Capital Management Co. LLC increased its stake in Allegheny Technologies by 7.0% in the third quarter. Frontier Capital Management Co. LLC now owns 5,782,970 shares of the basic materials company’s stock worth $138,213,000 after purchasing an additional 377,915 shares during the period. Finally, Balyasny Asset Management LLC increased its stake in Allegheny Technologies by 148.5% in the second quarter. Balyasny Asset Management LLC now owns 121,278 shares of the basic materials company’s stock worth $2,063,000 after purchasing an additional 371,278 shares during the period.

Allegheny Technologies Incorporated (NYSE ATI) opened at $28.70 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.68 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $3,172.27, a PE ratio of -36.79 and a beta of 2.39. Allegheny Technologies Incorporated has a 12 month low of $14.54 and a 12 month high of $29.39.

Allegheny Technologies (NYSE:ATI) last issued its quarterly earnings data on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). The firm had revenue of $869.10 million for the quarter, compared to analysts’ expectations of $866.94 million. Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) earnings per share. research analysts anticipate that Allegheny Technologies Incorporated will post 0.32 EPS for the current year.

A number of equities analysts have recently issued reports on ATI shares. Cowen reissued a “hold” rating and set a $23.00 price target on shares of Allegheny Technologies in a research report on Tuesday, December 12th. KeyCorp reissued a “hold” rating on shares of Allegheny Technologies in a research report on Thursday, November 16th. Finally, Berenberg Bank set a $17.00 price objective on Allegheny Technologies and gave the company a “hold” rating in a research report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Allegheny Technologies currently has a consensus rating of “Hold” and an average price target of $21.29.

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Allegheny Technologies 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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