Company shares last traded at $17.79 which is just over the 50 day moving average of $16.21 and which is just a bit higher than the 200 day moving average of $17.69. The 50 day moving average was up $1.58 whereas the 200 day average was up by +0.55%. (NYSE:ATI) shares saw light trading volume with 1,269K shares changing hands on Thursday. Volume was down 43.84% under the stocks average daily volume.
Here are a few additional firms who have increased or decreased their stake in (ATI). As of quarter end Creative Planning had acquired a total of 7,257 shares growing its holdings by 2,619.9%. The value of the investment in ATI increased from $5,000 to $128,000 increasing 2,460.0% quarter over quarter. As of the end of the quarter New England Research & Management, Inc. had bought 28,895 shares growing its position 192.2%. The value of the investment in Allegheny Technologies Incorpor went from $270,000 to $747,000 a change of 176.7% for the reporting period.
Bank Of Montreal /can/ reduced its holdings by shedding 1,935 shares a decrease of 20.0%. Bank Of Montreal /can/ now controls 7,722 shares worth $131,000. The total value of its holdings decreased 24.3%. As of the end of the quarter Baird Financial Group, Inc. had acquired a total of 1,068 shares growing its stake by 4.9%. The value of the investment in (ATI) went from $349,000 to $413,000 a change of $64,000 quarter to quarter.
Seaport Global started covering the stock setting a rating of “Buy”. On August 29 the company was rated “Buy” in a report from Deutsche Bank a boost from the previous “Hold” rating.
On May 23 the company was upgraded to “Buy” from “” in a report issued by Bank of America. On April 4, 2016 Cowen & Company added ATI to its research portfolio with a rating of “Market Perform” and projecting a price target of $7.00.
Equity analyst Berenberg began coverage of ATI giving it an initial rating of “Hold” and setting a price target of $13.90. On February 9 Buckingham Research kept the company rating at “Buy” and lowered the price expectation from $23.00 to $20.00.
The company is now up by 0.91 percent from yesterday’s close. In the last earnings report the EPS was $-4.86 and is estimated to be $-1.00 for the current year with 108,822,000 shares outstanding. Next quarter’s EPS is expected be $0.16 and the next full year EPS is anticipated to be $1.12.
Allegheny Technologies Incorporated (ATI), launched on August 26, 1999, 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 Company is involved in manufacturing differentiated specialty alloys and forgings. ATI produces nickel-based alloys and superalloys, titanium and titanium-based alloys, specialty alloys, stainless steels, and zirconium and other related alloys in various mill product forms. Its capabilities range from alloy development, to melting and hot-working, through engineered finished components. It is also engaged in producing nickel-based alloy and titanium-based alloy powders for use in jet engine forgings and three-dimensional (3D)-printed products..