As Allegheny Technologies Incorporated (ATI) Valuation Declined, Frontier Capital Management Co LLC Has Lifted Its Stake

April 17, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.73 in 2017 Q4. Its up 0.87, from 0.86 in 2017Q3. It improved, as 26 investors sold ATI shares while 58 reduced holdings. 49 funds opened positions while 96 raised stakes. 126.25 million shares or 8.42% more from 116.44 million shares in 2017Q3 were reported. Millennium Mgmt Limited Co reported 0.11% in Allegheny Technologies Incorporated (NYSE:ATI). Aqr Cap Mngmt Lc owns 38,725 shares. Bbva Compass Fincl Bank holds 44,672 shares. Iridian Asset Lc Ct reported 1.76% stake. Engineers Gate Manager Ltd Partnership has 0.12% invested in Allegheny Technologies Incorporated (NYSE:ATI). Assetmark Incorporated stated it has 1,675 shares. Riverhead Ltd Com has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Bessemer Gru holds 0% in Allegheny Technologies Incorporated (NYSE:ATI) or 15,685 shares. Fifth Third National Bank & Trust has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Ws Mngmt Lllp invested in 3.78M shares or 2.68% of the stock. Adirondack Tru Co reported 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Geode Capital Limited Company reported 0.01% stake. Manchester Cap Lc has 50 shares for 0% of their portfolio. Public Employees Retirement Association Of Colorado reported 17,639 shares stake. Indexiq Ltd reported 16,658 shares.

Frontier Capital Management Co Llc increased its stake in Allegheny Technologies Incorporated (ATI) by 35.71% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Capital Management Co Llc bought 2.07 million shares as the company’s stock declined 5.12% with the market. The institutional investor held 7.85 million shares of the steel and iron ore company at the end of 2017Q4, valued at $189.45M, up from 5.78M at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Allegheny Technologies Incorporated for a number of months, seems to be bullish on the $3.24 billion market cap company. The stock decreased 0.19% or $0.05 during the last trading session, reaching $25.83. About 677,562 shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 37.25% since April 17, 2017 and is uptrending. It has outperformed by 25.70% the S&P500.

Frontier Capital Management Co Llc, which manages about $13.68B US Long portfolio, decreased its stake in Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) by 318,787 shares to 87,734 shares, valued at $2.64M in 2017Q4, according to the filing. It also reduced its holding in Twilio Inc. Class A by 225,629 shares in the quarter, leaving it with 173,292 shares, and cut its stake in Modine Manufacturing Company (NYSE:MOD).

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 9 analysts covering Allegheny Technologies (NYSE:ATI), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Allegheny Technologies had 12 analyst reports since October 18, 2017 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, January 24 by Bank of America. Buckingham Research maintained Allegheny Technologies Incorporated (NYSE:ATI) on Friday, January 26 with “Buy” rating. KeyBanc Capital Markets upgraded it to “Buy” rating and $31.0 target in Thursday, March 1 report. The rating was maintained by JP Morgan on Wednesday, January 24 with “Neutral”. On Friday, March 2 the stock rating was upgraded by Bank of America to “Buy”. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Outperform” rating by Cowen & Co on Monday, January 8. On Thursday, November 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Buy” rating on Tuesday, April 3 by KeyBanc Capital Markets. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Seaport Global on Monday, January 22.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Chart

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