Allegheny Technologies Incorporated (NYSE:ATI) Stock Is Shorted More

October 2, 2018 - By Marguerite Chambers

Investors sentiment is 0.96 in 2018 Q2. Its the same as in 2018Q1. It is without change, as 26 investors sold Allegheny Technologies Incorporated shares while 84 reduced holdings. only 31 funds opened positions while 75 raised stakes. 129.60 million shares or 3.90% more from 124.73 million shares in 2018Q1 were reported.
6.10M were accumulated by Iridian Asset Lc Ct. Broadview Ltd Liability Company invested in 469,750 shares or 1.88% of the stock. Pennant Mgmt Limited Liability Com has 477,000 shares for 5.66% of their portfolio. Ls Advsr Ltd Liability Company owns 7,138 shares or 0.01% of their US portfolio. The Georgia-based Signaturefd Llc has invested 0% in Allegheny Technologies Incorporated (NYSE:ATI). Moreover, Comerica Fincl Bank has 0.02% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 95,744 shares. Staley Cap Advisers Inc stated it has 0.04% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Hudock Capital Group Ltd Liability Co accumulated 0% or 106 shares. Amalgamated National Bank & Trust holds 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 18,239 shares. Glob X Mngmt Communication Limited Liability Company holds 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 30,645 shares. 4.64 million were reported by Goldman Sachs Grp. Ohio-based Mai Cap Mgmt has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Point72 Asset Management Lp reported 223,500 shares. Thrivent For Lutherans stated it has 28,628 shares or 0% of all its holdings. California Employees Retirement System invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI).

Since June 15, 2018, it had 0 insider purchases, and 5 sales for $218,733 activity. DIGGS JAMES C sold 3,844 shares worth $112,053.

The stock of Allegheny Technologies Incorporated (NYSE:ATI) registered an increase of 2.26% in short interest. ATI’s total short interest was 15.45 million shares in October as published by FINRA. Its up 2.26% from 15.11M shares, reported previously. With 1.13 million shares average volume, it will take short sellers 14 days to cover their ATI’s short positions.

The stock decreased 0.44% or $0.13 during the last trading session, reaching $29.34. About 649,514 shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 13.67% since October 2, 2017 and is uptrending. It has underperformed by 1.95% the S&P500.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company has market cap of $3.69 billion. The firm operates through two divisions, High Performance Materials & Components; and Flat-Rolled Products. It has a 308.84 P/E ratio. The High Performance Materials & Components segment provides various high performance materials, including titanium and titanium alloys; nickel-and cobalt alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 9 analysts covering Allegheny Technologies (NYSE:ATI), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. Allegheny Technologies had 11 analyst reports since April 3, 2018 according to SRatingsIntel. As per Tuesday, April 3, the company rating was maintained by KeyBanc Capital Markets. JP Morgan downgraded the stock to “Underweight” rating in Friday, June 15 report. Stephens initiated the stock with “Buy” rating in Tuesday, June 26 report. As per Thursday, July 26, the company rating was maintained by KeyBanc Capital Markets. Buckingham Research maintained the shares of ATI in report on Wednesday, August 8 with “Buy” rating. The rating was downgraded by J.P. Morgan on Friday, June 15 to “Sell”. The firm has “Hold” rating by Goldman Sachs given on Tuesday, May 29. The firm has “Overweight” rating given on Friday, April 27 by Barclays Capital. The rating was downgraded by Longbow on Monday, June 25 to “Neutral”. The rating was maintained by Barclays Capital on Monday, July 30 with “Overweight”.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Chart

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