Frontier Capital Management Co LLC Has Boosted Allegheny Technologies Incorporated (ATI) Stake by $49.56 Million as Share Price Declined

April 17, 2018 - By Tina Thibodeau

Investors sentiment increased to 1.73 in Q4 2017. Its up 0.87, from 0.86 in 2017Q3. It is positive, 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. D E Shaw Inc holds 0.03% in Allegheny Technologies Incorporated (NYSE:ATI) or 961,310 shares. Frontier Cap Management Co holds 7.85 million shares. Moreover, Icm Asset Wa has 1.56% invested in Allegheny Technologies Incorporated (NYSE:ATI). Texas Permanent School Fund holds 85,079 shares. Exane Derivatives invested in 1,949 shares. Geode Mngmt Limited Liability Company has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Royal Fincl Bank Of Canada holds 0.02% or 1.49M shares in its portfolio. Quantbot Techs Limited Partnership has invested 0.03% in Allegheny Technologies Incorporated (NYSE:ATI). Manchester Management Ltd Liability Company reported 0% in Allegheny Technologies Incorporated (NYSE:ATI). Balyasny Asset Management Ltd Liability Co has invested 0% in Allegheny Technologies Incorporated (NYSE:ATI). Advantus Mgmt, Minnesota-based fund reported 15,502 shares. Prudential Public Lc holds 706,500 shares. Us Savings Bank De, Minnesota-based fund reported 44,915 shares. Springowl Assoc Limited owns 92,000 shares. Barrow Hanley Mewhinney And Strauss Ltd owns 4.13M 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 7.85M shares of the steel and iron ore company at the end of 2017Q4, valued at $189.45M, up from 5.78 million 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 $3.24B 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 $13.68 billion US Long portfolio, decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 680,773 shares to 866,393 shares, valued at $91.02M in 2017Q4, according to the filing. It also reduced its holding in Universal Display Corporation (NASDAQ:OLED) by 51,308 shares in the quarter, leaving it with 679,208 shares, and cut its stake in Acadia Pharmaceuticals Inc. (NASDAQ:ACAD).

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 stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Bank of America on Friday, March 2. As per Wednesday, January 24, the company rating was downgraded by Bank of America. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, March 1. Cowen & Co upgraded the stock to “Outperform” rating in Monday, January 8 report. On Tuesday, April 3 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. JP Morgan maintained Allegheny Technologies Incorporated (NYSE:ATI) rating on Wednesday, January 24. JP Morgan has “Neutral” rating and $25 target. On Monday, January 22 the stock rating was maintained by Seaport Global with “Buy”. As per Friday, January 26, the company rating was maintained by Buckingham Research. As per Thursday, November 16, the company rating was maintained by KeyBanc Capital Markets.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Chart

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