Allegheny Technologies (ATI) Holder Tricadia Capital Management Has Cut Stake; Private Bank & Trust Co Has Lowered Stake in Unilever Plc Sponsored New Adr (UL) as Share Price Rose

December 7, 2017 - By Henry Gaston

Michael Barnes decreased its stake in Allegheny Technologies Inc (ATI) by 29.43% based on its latest 2017Q2 regulatory filing with the SEC. Tricadia Capital Management Llc sold 109,000 shares as the company’s stock declined 21.75% while stock markets rallied. The hedge fund run by Michael Barnes held 261,400 shares of the steel and iron ore company at the end of 2017Q2, valued at $4.45 million, down from 370,400 at the end of the previous reported quarter. Tricadia Capital Management Llc who had been investing in Allegheny Technologies Inc for a number of months, seems to be less bullish one the $2.37B market cap company. The stock decreased 1.49% or $0.33 during the last trading session, reaching $21.79. About 2.30 million shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since December 7, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.

Gregg J. Powers decreased its stake in Unilever Plc Sponsored New Adr (UL) by 50.49% based on its latest 2017Q2 regulatory filing with the SEC. Private Bank & Trust Co sold 8,602 shares as the company’s stock rose 11.00% with the market. The hedge fund run by Gregg J. Powers held 8,435 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $456,000, down from 17,037 at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in Unilever Plc Sponsored New Adr for a number of months, seems to be less bullish one the $148.94 billion market cap company. The stock increased 0.38% or $0.21 during the last trading session, reaching $56.07. About 3.36 million shares traded or 164.38% up from the average. Unilever PLC (NYSE:UL) has risen 20.68% since December 7, 2016 and is uptrending. It has outperformed by 3.98% the S&P500.




Another recent and important Unilever PLC (NYSE:UL) news was published by Seekingalpha.com which published an article titled: “Reliable European Dividend For Your Retirement Portfolio: Consumer Staples …” on November 07, 2017.

Among 12 analysts covering Unilever (NYSE:UL), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Unilever had 15 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, July 24. On Wednesday, August 12 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of Unilever PLC (NYSE:UL) has “Outperform” rating given on Monday, August 22 by Bernstein. Macquarie Research initiated the shares of UL in report on Friday, March 17 with “Outperform” rating. The company was reinitiated on Monday, March 27 by Liberum Capital. The firm has “Sell” rating by RBC Capital Markets given on Thursday, August 10. Bank of America upgraded the shares of UL in report on Monday, February 27 to “Neutral” rating. The stock has “Equal-Weight” rating by Barclays Capital on Monday, January 23. The firm has “Hold” rating by Argus Research given on Friday, November 17. The rating was downgraded by JP Morgan on Wednesday, December 7 to “Neutral”.

Private Bank & Trust Co, which manages about $3.20 billion and $750.05 million US Long portfolio, upped its stake in Jp Morgan Chase & Co (NYSE:JPM) by 6,296 shares to 50,111 shares, valued at $4.58M in 2017Q2, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 12,102 shares in the quarter, for a total of 43,201 shares, and has risen its stake in Ishares (PFF).

Tricadia Capital Management Llc, which manages about $3.88 billion and $278.95M US Long portfolio, upped its stake in Lyon William Homes (NYSE:WLH) by 67,400 shares to 1.10 million shares, valued at $26.65M in 2017Q2, according to the filing. It also increased its holding in Grupo Supervielle S A by 30,949 shares in the quarter, for a total of 416,749 shares, and has risen its stake in Amc Entmt Hldgs Inc (NYSE:AMC).

Among 13 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Allegheny Tech had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, July 26 by J.P. Morgan. The firm has “Neutral” rating by JP Morgan given on Wednesday, July 26. The rating was upgraded by Deutsche Bank to “Buy” on Monday, August 29. The rating was upgraded by Bank of America to “Buy” on Monday, September 11. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, November 16. Seaport Global downgraded it to “Neutral” rating and $18 target in Thursday, January 5 report. The firm earned “Hold” rating on Monday, April 24 by Berenberg. The firm has “Underperform” rating by Bank of America given on Tuesday, October 20. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Neutral” rating by Bank of America on Tuesday, July 21. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Hold” rating by Deutsche Bank on Wednesday, October 21.

Analysts await Allegheny Technologies Incorporated (NYSE:ATI) to report earnings on January, 23. They expect $0.16 earnings per share, up 500.00% or $0.20 from last year’s $-0.04 per share. ATI’s profit will be $17.42 million for 34.05 P/E if the $0.16 EPS becomes a reality. After $-0.07 actual earnings per share reported by Allegheny Technologies Incorporated for the previous quarter, Wall Street now forecasts -328.57% EPS growth.

Investors sentiment increased to 1.57 in 2017 Q2. Its up 0.32, from 1.25 in 2017Q1. It increased, as 26 investors sold ATI shares while 55 reduced holdings. 44 funds opened positions while 83 raised stakes. 117.44 million shares or 4.05% more from 112.87 million shares in 2017Q1 were reported. Hudock Group Limited Liability Corp has 106 shares for 0% of their portfolio. New York-based Paradigm Cap Management New York has invested 0.1% in Allegheny Technologies Incorporated (NYSE:ATI). Sei Investments Communications holds 445,283 shares or 0.03% of its portfolio. 140,288 were reported by Retirement Systems Of Alabama. Sg Americas Lc stated it has 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Us Bank & Trust De holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 43,321 shares. Focused Wealth Mgmt Inc has 3,400 shares for 0.02% of their portfolio. Creative Planning stated it has 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Oakworth has 0.01% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 2,107 shares. 1.05M are owned by Gamco Investors Et Al. Winfield Assoc reported 120 shares. State Board Of Administration Of Florida Retirement System stated it has 75,518 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Com stated it has 0.12% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Wells Fargo And Mn holds 0% in Allegheny Technologies Incorporated (NYSE:ATI) or 347,737 shares. Mai Capital Mgmt has invested 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.