ATI Physical Therapy (NYSE:ATIP) Trading Up 3%

Posted by on Sep 20th, 2023

ATI Physical Therapy, Inc. (NYSE:ATIP – Get Free Report) shares traded up 3% during mid-day trading on Tuesday . The stock traded as high as $9.14 and last traded at $8.95. 9,194 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 19,373 shares. The stock had previously closed at $8.69.

ATI Physical Therapy Stock Up 3.0 %

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 26.09. The firm’s fifty day moving average is $7.93 and its 200-day moving average is $14.11. The stock has a market capitalization of $37.68 million, a PE ratio of -0.11 and a beta of 0.24.

ATI Physical Therapy (NYSE:ATIP – Get Free Report) last released its quarterly earnings data on Monday, August 7th. The company reported ($15.80) EPS for the quarter, missing analysts’ consensus estimates of ($3.50) by ($12.30). The company had revenue of $172.34 million for the quarter, compared to analysts’ expectations of $170.17 million. ATI Physical Therapy had a negative return on equity of 184.00% and a negative net margin of 40.75%. On average, equities research analysts predict that ATI Physical Therapy, Inc. will post -15.5 earnings per share for the current year.

Institutional Investors Weigh In On ATI Physical Therapy

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in shares of ATI Physical Therapy by 16.9% during the third quarter. Bank of New York Mellon Corp now owns 193,452 shares of the company’s stock valued at $193,000 after acquiring an additional 27,988 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of ATI Physical Therapy by 15.3% during the fourth quarter. Bank of America Corp DE now owns 538,342 shares of the company’s stock valued at $164,000 after purchasing an additional 71,606 shares during the last quarter. Rhumbline Advisers bought a new position in shares of ATI Physical Therapy during the second quarter valued at approximately $144,000. Renaissance Technologies LLC grew its position in shares of ATI Physical Therapy by 17.2% during the fourth quarter. Renaissance Technologies LLC now owns 297,600 shares of the company’s stock worth $91,000 after acquiring an additional 43,700 shares during the last quarter. Finally, XTX Topco Ltd grew its position in shares of ATI Physical Therapy by 141.0% during the first quarter. XTX Topco Ltd now owns 42,634 shares of the company’s stock worth $80,000 after acquiring an additional 24,944 shares during the last quarter.

ATI Physical Therapy Company Profile

(Get Free Report)

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.

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