Today’s 13GD Filing: Why Reid Walker’s Ws Management Lllp Reported Big Allegheny Technologies Inc Position?

Today's 13GD Filing: Why Reid Walker's Ws Management Lllp Reported Big Allegheny Technologies Inc Position?

The New Reid Walker’s Ws Management Lllp Holding in Allegheny Technologies Inc

Ws Management Lllp filed with the SEC SC 13G form for Allegheny Technologies Inc. The form can be accessed here: 000089706916001103. As reported in Reid Walker’s Ws Management Lllp’s form, the filler as of late owns 5% or 5,496,700 shares of the Materials–company.

Allegheny Technologies Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 27, 2016. We feel this shows Reid Walker’s Ws Management Lllp’s positive view for the stock.

The hedge fund is active investor in the Materials sector. In the manager’s last 13-F, we saw 9% of Reid Walker’s Ws Management Lllp’s US equities portfolio is in this sector.

Allegheny Technologies Inc Institutional Sentiment

Latest Security and Exchange filings show 231 investors own Allegheny Technologies Inc. The institutional ownership in Q3 2015 is very high, at 86.55% of the outstanding shares. This is increased by 10906355 the total institutional shares. 94275850 were the shares owned by these institutional investors. In total 37 funds opened new Allegheny Technologies Inc stakes, 100 increased stakes. There were 82 that closed positions and 70 reduced them.

Oarsman Capital Inc is an institutional investor bullish on Allegheny Technologies Inc, owning 157930 shares as of Q3 2015 for 1.32% of its portfolio. Mengis Capital Management Inc owns 66106 shares or 0.87% of its portfolio. WI Kitzinger Lautmann Capital Management Inc have 5.66% of their stock portfolio for 1127635 shares. Further, Lapides Asset Management Llc reported stake worth 0.71% of its US stock portfolio. The TX American National Insurance Company owns 89725 shares. Allegheny Technologies Inc is 0.08% of the manager’s US portfolio.

Business Profile

Allegheny Technologies Incorporated (ATI) is a specialty materials and components producer. The Company operates through two business segments: High Performance Materials & Components and Flat Rolled Products. ATI’s products include titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel. Its standard products include specialty stainless sheet and stainless steel plate. It is engaged in the production of titanium alloys, nickel-based and cobalt-based alloys and superalloys, and vacuum-melted specialty alloys used in the manufacture of components for both commercial and military jet engines, as well as replacement parts for those engines. It also produces titanium alloys, vacuum-melted specialty alloys and stainless alloys for use in commercial and military airframes, airframe components and missiles.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.14, from 1.08 in 2016Q1. The ratio improved, as 34 funds sold all Allegheny Technologies Incorporated shares owned while 56 reduced positions. 26 funds bought stakes while 84 increased positions. They now own 96.83 million shares or 13.70% more from 85.16 million shares in 2016Q1.

Tci Wealth has 277 shares for 0% of their US portfolio. Bronson Point Mngmt Limited owns 250,000 shares or 1.07% of their US portfolio. Jpmorgan Chase And holds 1,513 shares or 0% of its portfolio. Tower Limited Co (Trc) owns 5,334 shares or 0.01% of their US portfolio. Morgan Stanley, a New York-based fund reported 680,237 shares. Aqr Mgmt Ltd Liability Corporation last reported 0.01% of its portfolio in the stock. Nuveen Asset Mgmt Llc accumulated 0% or 50,674 shares. Prudential Public Ltd Com last reported 0.12% of its portfolio in the stock. The New York-based Amalgamated Commercial Bank has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Victory Capital Mngmt Incorporated holds 0.14% or 2.67 million shares in its portfolio. Oregon Public Employees Retirement Fund has 61,368 shares for 0.02% of their US portfolio. Deutsche Bancorp Ag accumulated 0.01% or 623,375 shares. Huntington Bank & Trust accumulated 25 shares or 0% of the stock. Croft accumulated 0.3% or 104,335 shares. Retirement Of Alabama last reported 0.01% of its portfolio in the stock.

About 449,578 shares traded hands. Allegheny Technologies Incorporated (NYSE:ATI) has declined 11.78% since April 4, 2016 and is downtrending. It has underperformed by 12.87% the S&P500.

Allegheny Technologies Incorporated is a specialty materials and components producer. The company has a market cap of $1.49 billion. The Firm operates through two business divisions: High Performance Materials & Components and Flat Rolled Products. It currently has negative earnings. ATI’s products include titanium and titanium alloys, nickel alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Out of 8 analysts covering Allegheny Tech (NYSE:ATI), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $40 is the highest target while $7 is the lowest. The $18.57 average target is 33.60% above today’s ($13.9) stock price. Allegheny Tech has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Rosenblatt given on Friday, December 11. Rosenblatt maintained it with “Buy” rating and $18 target price in Thursday, February 11 report. The firm has “Buy” rating by Bank of America given on Monday, May 23. On Monday, April 4 the stock rating was initiated by Cowen & Co with “Market Perform”. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Buy” rating given on Thursday, October 1 by Stifel Nicolaus. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, September 3 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Neutral” rating given on Tuesday, July 21 by Bank of America. Buckingham Research maintained Allegheny Technologies Incorporated (NYSE:ATI) rating on Tuesday, February 9. Buckingham Research has “Buy” rating and $20 price target. The firm earned “Hold” rating on Wednesday, October 21 by Deutsche Bank. The company was initiated on Friday, September 9 by Seaport Global.

More notable recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Fool.com which released: “Allegheny Technologies Incorporated Stock Slumps on Earnings Miss” on October 25, 2016, also Fool.com with their article: “Why Allegheny Technologies Incorporated’s Shares Popped 11% Today” published on August 29, 2016, Fool.com published: “Why Allegheny Technologies Incorporated’s Shares Plunged 13% Today” on May 18, 2016. More interesting news about Allegheny Technologies Incorporated (NYSE:ATI) were released by: Fool.com and their article: “Why Allegheny Technologies Incorporated’s Shares Popped 40% in July” published on August 08, 2016 as well as Fool.com‘s news article titled: “Why Allegheny Technologies Incorporated’s Shares Popped 20% Today” with publication date: July 26, 2016.

According to Zacks Investment Research, “Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. The company’s talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel, nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steel alloys, zirconium and related alloys, and tungsten-based specialty materials. The goal is to be the low cost, high quality supplier to global markets. (PRESS RELEASE)”

ATI Company Profile

Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a specialty materials and components producer. The Firm operates through two business divisions: High Performance Materials & Components and Flat Rolled Products. ATI’s products include titanium and titanium alloys, nickel alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel. The Company’s standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It is engaged in the production of titanium alloys, nickel and cobalt alloys and superalloys, and vacuum-melted specialty alloys used in the manufacture of components for both commercial and military jet engines, as well as replacement parts for those engines. It also produces titanium alloys, vacuum-melted specialty alloys and stainless alloys for use in commercial and military airframes, airframe components and missiles. Titanium and titanium alloys are used to produce jet engine components, such as blades, vanes, discs, casings and airframe components, such as structural members, landing gear, hydraulic systems and fasteners.

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