As Allegheny Technologies (ATI) Share Price Rose, Mcclain Value Management Has Decreased Stake; Bhp Billiton LTD (BHP) Holder Bridgewater Associates LP Trimmed Holding

June 21, 2018 - By Maria Brooks

BHP Billiton Limited (NYSE:BHP) Logo

Ray Dalio decreased its stake in Bhp Billiton Ltd (BHP) by 12.63% based on its latest 2018Q1 regulatory filing with the SEC. Bridgewater Associates Lp sold 9,294 shares as the company’s stock rose 0.33% while stock markets declined. The hedge fund run by Ray Dalio held 64,296 shares of the precious metals company at the end of 2018Q1, valued at $2.86M, down from 73,590 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Bhp Billiton Ltd for a number of months, seems to be less bullish one the $134.55B market cap company. The stock increased 0.29% or $0.14 during the last trading session, reaching $47.91. About 883,288 shares traded. BHP Billiton Limited (NYSE:BHP) has risen 35.38% since June 21, 2017 and is uptrending. It has outperformed by 22.81% the S&P500. Some Historical BHP News: 09/03/2018 – ADRs End Slightly Higher; ArcelorMittal, BHP Billiton, and Embraer Trade Actively; 15/05/2018 – Oil Rally Aiding BHP Billiton Shale Sale, Says CEO; 09/04/2018 – Correction to Market Talk on BHP; 06/04/2018 – BHP TO ELIMINATE ALL FRESH WATER USE IN CHILE BY 2030: MALCHUK; 13/05/2018 – Rothschild unearths Newcastle coal investor for BHP; 15/05/2018 – BHP Says Soaring Oil and Trump Tax Cuts Mean More Shale Buyers; 24/03/2018 – RPT-Workers at Chilean mine Escondida accept early contract talks; 14/03/2018 – South Australia poll offers voters a choice of clean or cheap power; 18/04/2018 – ADELAIDE BRIGHTON LTD – ADELAIDE BRIGHTON SIGNS MAJOR SA CEMENT CONTRACT,BHP-ABC.AX; 26/04/2018 – BHP AND ESCONDIDA UNION END ANTICIPATED TALKS WITH NO ACCORD

Mcclain Value Management Llc decreased its stake in Allegheny Technologies Inc (ATI) by 11.54% based on its latest 2018Q1 regulatory filing with the SEC. Mcclain Value Management Llc sold 34,596 shares as the company’s stock rose 1.33% while stock markets declined. The institutional investor held 265,296 shares of the steel and iron ore company at the end of 2018Q1, valued at $6.28M, down from 299,892 at the end of the previous reported quarter. Mcclain Value Management Llc who had been investing in Allegheny Technologies Inc for a number of months, seems to be less bullish one the $3.45B market cap company. The stock decreased 1.77% or $0.5 during the last trading session, reaching $27.46. About 584,167 shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 70.09% since June 21, 2017 and is uptrending. It has outperformed by 57.52% the S&P500. Some Historical ATI News: 24/04/2018 – Allegheny Technologies 1Q Net $58M; 23/04/2018 – DJ Allegheny Technologies Incorporated, Inst Holders, 1Q 2018 (ATI); 24/05/2018 – Jet engines help power cobalt to 10-year highs; 24/04/2018 – ALLEGHENY TECHNOLOGIES INC ATI.N – QTRLY SALES TO AEROSPACE AND DEFENSE MARKETS WERE $462 MLN AND REPRESENTED 47% OF ATI SALES; 27/03/2018 – Allegheny Files For Exclusion From Tariffs For JV Formed With China-based Company — MarketWatch; 22/03/2018 – ALLEGHENY TECHNOLOGIES INC – BOARD OF DIRECTORS HAS APPROVED AN INVESTMENT TO EXPAND ITS ISO-THERMAL FORGING AND HEAT TREATING CAPACITIES; 27/03/2018 – ALLEGHENY FILES FOR EXCLUSION FROM SECTION 232 TARIFFS; 24/04/2018 – Allegheny Technologies Volume Jumps Almost Six Times Average; 11/05/2018 – WPXI: #BREAKING: Police have uncovered a suspected meth lab at a Motel 6 in Allegheny Co. Chopper 11 is live over the sce…; 09/05/2018 – Detailed Research: Economic Perspectives on Allegheny Technologies, Swift Transportation, Boyd Gaming, DSW, The Cheesecake Fact

Among 26 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 11 have Buy rating, 3 Sell and 12 Hold. Therefore 42% are positive. BHP Billiton Limited (ADR) had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Societe Generale to “Hold” on Friday, October 2. The stock of BHP Billiton Limited (NYSE:BHP) earned “Overweight” rating by Barclays Capital on Friday, May 4. The company was maintained on Thursday, November 10 by Cowen & Co. The firm earned “Buy” rating on Wednesday, July 5 by Deutsche Bank. The firm earned “Market Perform” rating on Monday, January 22 by Bernstein. The rating was upgraded by Macquarie Research to “Outperform” on Tuesday, September 20. The firm has “Hold” rating given on Thursday, November 10 by HSBC. The firm has “Neutral” rating given on Wednesday, February 21 by Citigroup. The company was upgraded on Tuesday, April 10 by Deutsche Bank. The firm has “Buy” rating by Argus Research given on Tuesday, August 30.

Bridgewater Associates Lp, which manages about $10.48 billion US Long portfolio, upped its stake in Prudential Finl Inc (NYSE:PRU) by 13,493 shares to 16,484 shares, valued at $1.71M in 2018Q1, according to the filing. It also increased its holding in United States Stl Corp New (NYSE:X) by 319,093 shares in the quarter, for a total of 451,835 shares, and has risen its stake in Visa Inc (NYSE:V).

More notable recent BHP Billiton Limited (NYSE:BHP) news were published by: Seekingalpha.com which released: “BHP responds to union contract proposal at Escondida mine” on June 11, 2018, also Seekingalpha.com with their article: “BHP reportedly revives plan to sell Nickel West mine” published on June 20, 2018, Seekingalpha.com published: “BHP to move ahead with $2.9B Australia iron ore project” on June 14, 2018. More interesting news about BHP Billiton Limited (NYSE:BHP) were released by: Seekingalpha.com and their article: “Bloomberg: BHP receives bids valuing US shale unit at up to $9B” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “Samarco reportedly near settlement with Brazil prosecutors” with publication date: June 15, 2018.

Among 15 analysts covering Allegheny Tech (NYSE:ATI), 11 have Buy rating, 2 Sell and 2 Hold. Therefore 73% are positive. Allegheny Tech had 48 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, August 29, the company rating was upgraded by Deutsche Bank. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Neutral” rating given on Tuesday, July 21 by Bank of America. As per Monday, April 24, the company rating was upgraded by Berenberg. Goldman Sachs upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Tuesday, May 29 to “Hold” rating. The rating was maintained by KeyBanc Capital Markets on Thursday, November 16 with “Hold”. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Neutral” rating given on Thursday, January 5 by Seaport Global. JP Morgan upgraded the shares of ATI in report on Wednesday, July 26 to “Neutral” rating. The company was maintained on Tuesday, February 9 by Buckingham Research. As per Monday, May 23, the company rating was upgraded by Bank of America. The firm earned “Sell” rating on Thursday, February 2 by Berenberg.

Analysts await Allegheny Technologies Incorporated (NYSE:ATI) to report earnings on July, 24. They expect $0.33 EPS, up 266.67% or $0.24 from last year’s $0.09 per share. ATI’s profit will be $41.47M for 20.80 P/E if the $0.33 EPS becomes a reality. After $0.32 actual EPS reported by Allegheny Technologies Incorporated for the previous quarter, Wall Street now forecasts 3.13% EPS growth.

More recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Businesswire.com which released: “ATI Announces Treasury Leadership Transition” on June 04, 2018. Also Seekingalpha.com published the news titled: “Allegheny Technologies: Due For A Fall” on June 11, 2018. Streetinsider.com‘s news article titled: “JPMorgan Downgrades Allegheny Technologies (ATI) to Underweight” with publication date: June 15, 2018 was also an interesting one.

Investors sentiment decreased to 0.96 in 2018 Q1. Its down 0.77, from 1.73 in 2017Q4. It dropped, as 31 investors sold ATI shares while 93 reduced holdings. 48 funds opened positions while 71 raised stakes. 124.73 million shares or 1.21% less from 126.25 million shares in 2017Q4 were reported. Washington Tru Financial Bank owns 1,400 shares. Columbia Prtn L L C Invest stated it has 10,718 shares or 0.03% of all its holdings. Fruth Inv Mgmt reported 0.31% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Barclays Public Ltd Company owns 107,084 shares or 0% of their US portfolio. Mcclain Value Mngmt Limited Liability Co owns 265,296 shares. California Pub Employees Retirement owns 185,900 shares. Cubist Systematic Strategies Ltd Limited Liability Company invested in 5,316 shares. Moreover, Atlantic Tru Gp Lc has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI). Carmignac Gestion owns 400,000 shares for 0.07% of their portfolio. Wells Fargo Mn reported 337,753 shares or 0% of all its holdings. Systematic Management Lp stated it has 15,925 shares or 0.01% of all its holdings. Amundi Pioneer Asset Mgmt reported 0% stake. Advisor Prns Ltd Liability Corp accumulated 9,361 shares. Bain Capital Equity Mngmt Limited Liability stated it has 325,460 shares or 0.56% of all its holdings. State Street Corp accumulated 5.65M shares.

Since June 15, 2018, it had 0 buys, and 1 sale for $27,340 activity.

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