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ATI (NYSE:ATI - Get Rating) issued its quarterly earnings results on Thursday. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.17, Briefing.com reports. ATI had a return on equity of 11.17% and a net margin of 0.02%. The company had revenue of $959.50 million for the quarter, compared to analyst estimates of $837.33 million. During the same quarter last year, the company posted ($0.12) EPS. The company's revenue for the quarter was up 55.7% compared to the same quarter last year. ATI Trading Up 6.0 %

ATI traded up $1.65 during midday trading on Friday, hitting $29.05. 132,167 shares of the company were exchanged, compared to its average volume of 1,276,583. The firm has a market capitalization of $3.61 billion, a P/E ratio of -733.25 and a beta of 1.31. ATI has a 1-year low of $13.85 and a 1-year high of $30.74. The firm's 50 day moving average price is $24.08 and its 200-day moving average price is $25.02. The company has a quick ratio of 1.25, a current ratio of 2.61 and a debt-to-equity ratio of 2.15. Wall Street Analyst Weigh In

ATI has been the topic of several recent research reports. KeyCorp raised their price objective on ATI from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Friday. Wolfe Research raised ATI from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.14.Insiders Place Their Bets

In other ATI news, Director James C. Diggs sold 12,500 shares of ATI stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total transaction of $300,000.00. Following the transaction, the director now directly owns 46,060 shares of the company's stock, valued at approximately $1,105,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James C. Diggs sold 12,500 shares of ATI stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 46,060 shares of the company's stock, valued at approximately $1,105,440. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Karl D. Schwartz sold 2,000 shares of ATI stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,833 shares of the company's stock, valued at $1,620,825. The disclosure for this sale can be found here. Company insiders own 0.82% of the company's stock. Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ATI. HighTower Advisors LLC bought a new stake in ATI in the 1st quarter valued at about $263,000. Natixis Advisors L.P. purchased a new position in shares of ATI in the 1st quarter worth approximately $570,000. MetLife Investment Management LLC lifted its stake in ATI by 70.4% in the first quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company's stock valued at $1,844,000 after purchasing an additional 28,376 shares during the last quarter. Rhumbline Advisers lifted its stake in ATI by 4.4% in the first quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company's stock valued at $9,340,000 after purchasing an additional 14,825 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in ATI by 1.4% in the first quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company's stock valued at $3,056,000 after purchasing an additional 1,480 shares during the last quarter. About ATI (Get Rating)

ATI Inc manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.Recommended StoriesGet a free copy of the StockNews.com research report on ATI (ATI)Cronos Group Inc's Revenues Are Up, Is It Time to Buy?Why Apple Could Be At All-Time Highs By Year EndBeyond Meat Is Not Beyond Hope, And It's CheapBJ’s Wholesale Club Stock Has More Room to Grow How Does Freeport McMoran Inc Compare to Its Sector Competitors?

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