Pennant Capital Management Has Cut Allegheny Technologies (ATI) Stake By $5.27 Million; Franks International NV (FI) Shorts Up By 1.18%

November 14, 2017 - By Richard Conner

Franks International NV (NYSE:FI) had an increase of 1.18% in short interest. FI’s SI was 14.84 million shares in November as released by FINRA. Its up 1.18% from 14.67M shares previously. With 965,000 avg volume, 15 days are for Franks International NV (NYSE:FI)’s short sellers to cover FI’s short positions. About 112,938 shares traded. Franks International NV (NYSE:FI) has declined 43.86% since November 14, 2016 and is downtrending. It has underperformed by 60.56% the S&P500.

Pennant Capital Management Llc decreased Allegheny Technologies Inc (ATI) stake by 9.98% reported in 2017Q2 SEC filing. Pennant Capital Management Llc sold 309,737 shares as Allegheny Technologies Inc (ATI)’s stock declined 21.75%. The Pennant Capital Management Llc holds 2.79 million shares with $47.53 million value, down from 3.10M last quarter. Allegheny Technologies Inc now has $2.32 billion valuation. The stock declined 5.04% or $1.13 reaching $21.31 per share. About 294,119 shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since November 14, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.

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 $17.42M for 33.30 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.

Among 13 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Allegheny Tech had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 11 by Bank of America. Bank of America upgraded the stock to “Buy” rating in Monday, May 23 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Hold” rating by Berenberg on Monday, April 24. Berenberg downgraded the stock to “Sell” rating in Thursday, February 2 report. The firm has “Hold” rating given on Wednesday, April 26 by Cowen & Co. The firm earned “Buy” rating on Friday, December 11 by Rosenblatt. On Thursday, July 6 the stock rating was maintained by Cowen & Co with “Hold”. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. The firm has “Buy” rating given on Thursday, October 1 by Stifel Nicolaus. Deutsche Bank upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Monday, August 29 to “Buy” rating.

Investors sentiment increased to 1.57 in Q2 2017. Its up 0.32, from 1.25 in 2017Q1. It improved, 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. Moreover, Legal & General Public Limited Company has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 210,634 shares. Moreover, Menta Cap Lc has 0.24% invested in Allegheny Technologies Incorporated (NYSE:ATI). Earnest Prtn Ltd reported 2.38 million shares. Citigroup Inc holds 27,891 shares or 0% of its portfolio. Invesco Ltd reported 4.06 million shares stake. Franklin Res owns 5.23 million shares for 0.04% of their portfolio. Nationwide Fund Advsr holds 265,342 shares or 0.02% of its portfolio. Prudential Fin holds 0% or 73,002 shares. 1492 Cap Management Limited Company has 0.16% invested in Allegheny Technologies Incorporated (NYSE:ATI). California Employees Retirement Systems stated it has 316,274 shares or 0.01% of all its holdings. Bbva Compass Bancshares Inc reported 42,709 shares or 0.05% of all its holdings. Northwestern Mutual Wealth Mngmt holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 1,218 shares. Engineers Gate Manager Limited Partnership stated it has 0.19% in Allegheny Technologies Incorporated (NYSE:ATI). Advantus Mngmt, a Minnesota-based fund reported 13,738 shares. California State Teachers Retirement Systems holds 192,644 shares.

Among 20 analysts covering Frank’s International N.V. (NYSE:FI), 3 have Buy rating, 6 Sell and 11 Hold. Therefore 15% are positive. Frank’s International N.V. had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Franks International NV (NYSE:FI) earned “Buy” rating by RBC Capital Markets on Friday, November 3. The rating was initiated by JP Morgan with “Neutral” on Wednesday, June 22. The firm earned “Sell” rating on Thursday, March 23 by Jefferies. Scotia Capital maintained Franks International NV (NYSE:FI) on Monday, April 3 with “Hold” rating. The stock of Franks International NV (NYSE:FI) has “Equal-Weight” rating given on Wednesday, November 2 by Morgan Stanley. The stock of Franks International NV (NYSE:FI) earned “Neutral” rating by Seaport Global on Tuesday, April 19. As per Wednesday, September 27, the company rating was maintained by Piper Jaffray. The rating was initiated by Gabelli on Friday, October 16 with “Hold”. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, August 25. The firm has “Hold” rating by Jefferies given on Thursday, November 2.

Frank’s International N.V. is a well-known provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the gas and oil industry. The company has market cap of $1.43 billion. The Firm operates through four business divisions: International Services, U. It currently has negative earnings. S.

Since June 14, 2017, it had 0 buys, and 3 sales for $372,960 activity. On Wednesday, June 14 the insider Bradford’s GP – LLC sold $124,320. 14,800 Franks International NV (NYSE:FI) shares with value of $124,320 were sold by Mosing William Bradford. $124,320 worth of stock was sold by WBM Partnership – LP on Wednesday, June 14.

Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.19, from 1.43 in 2017Q1. It dropped, as 24 investors sold Franks International NV shares while 25 reduced holdings. 18 funds opened positions while 43 raised stakes. 69.73 million shares or 4.01% more from 67.04 million shares in 2017Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in Franks International NV (NYSE:FI) for 798 shares. Missouri-based Sterneck Mgmt Llc has invested 1.48% in Franks International NV (NYSE:FI). Deutsche Bankshares Ag, Germany-based fund reported 87,724 shares. Cubist Systematic Strategies Limited Liability accumulated 2,000 shares. Citadel Advsrs Lc reported 1.26M shares or 0.01% of all its holdings. Capstone Advsrs Ltd Liability Com reported 0% in Franks International NV (NYSE:FI). Clearbridge Ltd Llc invested in 186,312 shares or 0% of the stock. 957,900 are owned by Tocqueville Asset Lp. 31,391 were reported by Nationwide Fund Advsrs. Atwood & Palmer Inc reported 0.01% in Franks International NV (NYSE:FI). M&T Bankshares Corporation invested in 16,735 shares. Swiss Savings Bank invested in 91,600 shares or 0% of the stock. Synovus Financial reported 41,358 shares stake. Credit Suisse Ag invested in 0% or 41,628 shares. Corecommodity Mngmt Limited Liability invested in 0.33% or 40,857 shares.

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