ATI Physical Therapy (NYSE:ATIP) Trading 1.1% Higher

ATI Physical Therapy, Inc. (NYSE:ATIPGet Free Report) traded up 1.1% on Tuesday . The company traded as high as $5.83 and last traded at $5.70. 949 shares were traded during trading, a decline of 81% from the average session volume of 5,029 shares. The stock had previously closed at $5.64.

ATI Physical Therapy Stock Up 1.1 %

The stock has a 50-day simple moving average of $6.49 and a two-hundred day simple moving average of $6.99. The firm has a market cap of $24.00 million, a PE ratio of -0.18 and a beta of 0.26.

ATI Physical Therapy (NYSE:ATIPGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported ($2.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.17) by $1.02. The firm had revenue of $182.29 million for the quarter, compared to analysts’ expectations of $177.69 million. Research analysts expect that ATI Physical Therapy, Inc. will post -14.46 earnings per share for the current year.

Hedge Funds Weigh In On ATI Physical Therapy

A number of large investors have recently added to or reduced their stakes in ATIP. Bank of New York Mellon Corp grew its position 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 worth $193,000 after acquiring an additional 27,988 shares during the last quarter. Northern Trust Corp grew its holdings in shares of ATI Physical Therapy by 32.4% in the fourth quarter. Northern Trust Corp now owns 27,836 shares of the company’s stock worth $171,000 after purchasing an additional 6,812 shares during the last quarter. Bank of America Corp DE increased its stake in shares of ATI Physical Therapy by 15.3% in the fourth quarter. Bank of America Corp DE now owns 538,342 shares of the company’s stock worth $164,000 after buying an additional 71,606 shares during the period. Rhumbline Advisers bought a new stake in ATI Physical Therapy during the 2nd quarter valued at $144,000. Finally, Renaissance Technologies LLC boosted its position in ATI Physical Therapy by 17.2% during the 4th quarter. Renaissance Technologies LLC now owns 297,600 shares of the company’s stock valued at $91,000 after buying an additional 43,700 shares during the period. Hedge funds and other institutional investors own 72.60% of the company’s stock.

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 evaluation, sports medicine, and wellness programs.

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