ATI Physical Therapy (NYSE:ATIP) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

ATI Physical Therapy (NYSE:ATIP – Get Rating) announced its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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%.

ATI Physical Therapy Stock Up 14.6 %

ATI Physical Therapy stock opened at $0.31 on Friday. The stock has a market capitalization of $64.25 million, a PE ratio of -0.16 and a beta of 0.41. ATI Physical Therapy has a 12 month low of $0.22 and a 12 month high of $2.26. The business has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.62. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.35 and a quick ratio of 1.35.

Institutional Trading of ATI Physical Therapy

A number of institutional investors and hedge funds have recently made changes to their positions in ATIP. Vanguard Group Inc. increased its position in shares of ATI Physical Therapy by 124.5% in the first quarter. Vanguard Group Inc. now owns 3,703,627 shares of the company’s stock valued at $6,963,000 after buying an additional 2,053,912 shares in the last quarter. State Street Corp increased its position in shares of ATI Physical Therapy by 476.7% in the second quarter. State Street Corp now owns 968,355 shares of the company’s stock valued at $1,365,000 after buying an additional 800,445 shares in the last quarter. Northern Trust Corp increased its position in shares of ATI Physical Therapy by 562.5% in the second quarter. Northern Trust Corp now owns 571,031 shares of the company’s stock valued at $805,000 after buying an additional 484,838 shares in the last quarter. CI Private Wealth LLC purchased a new stake in shares of ATI Physical Therapy in the fourth quarter valued at approximately $76,000. Finally, Rhumbline Advisers purchased a new stake in shares of ATI Physical Therapy in the second quarter valued at approximately $144,000. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

ATI Physical Therapy Company Profile

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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.