Thrivent Financial For Lutherans Acquires 1,980 Shares of Allegheny Technologies Incorporated (NYSE:ATI)

Thrivent Financial For Lutherans increased its position in shares of Allegheny Technologies Incorporated (NYSE:ATI) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,680 shares of the basic materials company’s stock after buying an additional 1,980 shares during the period. Thrivent Financial For Lutherans’ holdings in Allegheny Technologies were worth $371,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in ATI. Nisa Investment Advisors LLC raised its position in 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 during the last quarter. Neuburgh Advisers LLC raised its position in shares of Allegheny Technologies by 1.1% in the first quarter. Neuburgh Advisers LLC now owns 6,528 shares of the basic materials company’s stock valued at $117,000 after buying an additional 68 shares in the last quarter. Bank of Montreal Can raised its position in shares of Allegheny Technologies by 14.4% in the first quarter. Bank of Montreal Can now owns 10,142 shares of the basic materials company’s stock valued at $182,000 after buying an additional 1,276 shares in the last quarter. Advantus Capital Management Inc raised its position in shares of Allegheny Technologies by 2.9% in the first quarter. Advantus Capital Management Inc now owns 13,926 shares of the basic materials company’s stock valued at $250,000 after buying an additional 388 shares in the last quarter. Finally, New England Research & Management Inc. acquired a new position in shares of Allegheny Technologies during the first quarter valued at $270,000. Institutional investors and hedge funds own 96.61% of the company’s stock.

Allegheny Technologies Incorporated (NYSE:ATI) traded up 2.54% during midday trading on Friday, reaching $18.57. The company had a trading volume of 1,651,084 shares. The stock’s market capitalization is $2.02 billion. Allegheny Technologies Incorporated has a 1-year low of $13.15 and a 1-year high of $23.69. The firm’s 50 day moving average is $18.05 and its 200 day moving average is $17.85.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Allegheny Technologies had a negative net margin of 14.89% and a positive return on equity of 0.08%. The firm had revenue of $880.20 million during the quarter, compared to analysts’ expectations of $874.95 million. During the same period in the prior year, the company posted ($0.21) earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Allegheny Technologies Incorporated will post ($1.00) EPS for the current fiscal year.

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Several equities analysts recently weighed in on the company. J P Morgan Chase & Co upgraded Allegheny Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $14.50 to $19.00 in a research note on Wednesday, July 26th. BidaskClub lowered Allegheny Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Cowen and Company restated a “hold” rating and issued a $18.00 price target on shares of Allegheny Technologies in a research note on Tuesday, April 25th. Finally, Berenberg Bank upgraded Allegheny Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $16.10 to $17.20 in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.65.

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.

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

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