ATI Physical Therapy (NYSE:ATIP – Get Rating) announced its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), Yahoo Finance reports. ATI Physical Therapy had a negative net margin of 61.82% and a negative return on equity of 8.81%. The business had revenue of $161.76 million for the quarter, compared to the consensus estimate of $163.46 million.
ATI Physical Therapy Trading Up 14.6 %
Shares of NYSE ATIP opened at $0.31 on Friday. The company has a market cap of $64.25 million, a price-to-earnings ratio of -0.16 and a beta of 0.41. The stock’s 50 day simple moving average is $0.38 and its 200 day simple moving average is $0.62. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.15. ATI Physical Therapy has a 12-month low of $0.22 and a 12-month high of $2.26.
Institutional Investors Weigh In On ATI Physical Therapy
Several large investors have recently added to or reduced their stakes in ATIP. Renaissance Technologies LLC boosted its holdings in shares of ATI Physical Therapy by 44.8% during the third quarter. Renaissance Technologies LLC now owns 253,900 shares of the company’s stock valued at $254,000 after acquiring an additional 78,600 shares during the period. Bank of New York Mellon Corp boosted its stake in ATI Physical Therapy by 16.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 193,452 shares of the company’s stock valued at $193,000 after purchasing an additional 27,988 shares during the period. Bank of America Corp DE grew its position in ATI Physical Therapy by 15.3% in the 4th quarter. Bank of America Corp DE now owns 538,342 shares of the company’s stock worth $164,000 after purchasing an additional 71,606 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of ATI Physical Therapy in the second quarter valued at approximately $144,000. Finally, XTX Topco Ltd increased its stake in shares of ATI Physical Therapy by 141.0% in the first quarter. XTX Topco Ltd now owns 42,634 shares of the company’s stock valued at $80,000 after purchasing an additional 24,944 shares during the period. 89.57% of the stock is owned by institutional investors and hedge funds.
About ATI Physical Therapy
ATI Physical Therapy, Inc operates as an outpatient physical therapy provider that specializes in outpatient rehabilitation and adjacent healthcare services in the United States. It offers a range of services to its patients, including physical therapy to treat spine, shoulder, knee, and neck injuries or pain; work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity assessment, and wellness programs.
- Get a free copy of the StockNews.com research report on ATI Physical Therapy (ATIP)
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
- PacWest Bancorp May Escape a Credit Downgrade After this Happens
- Dollar General Offers Great Prices, but the Stock isn’t a Value
Receive News & Ratings for ATI Physical Therapy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI Physical Therapy and related companies with MarketBeat.com's FREE daily email newsletter.