ATI Physical Therapy (NYSE:ATIP) Posts Earnings Results, Beats Estimates By $0.07 EPS

ATI Physical Therapy (NYSE:ATIPGet Rating) posted its quarterly earnings data on Monday. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07, Fidelity Earnings reports. ATI Physical Therapy updated its FY 2022 guidance to EPS.

ATIP stock traded down $0.09 during midday trading on Wednesday, hitting $1.31. The company’s stock had a trading volume of 28,772 shares, compared to its average volume of 1,305,224. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.06. ATI Physical Therapy has a 52-week low of $1.34 and a 52-week high of $10.44. The firm has a 50-day moving average of $1.73.

A number of hedge funds have recently modified their holdings of ATIP. BlackRock Inc. lifted its position in shares of ATI Physical Therapy by 467.9% during the 4th quarter. BlackRock Inc. now owns 569,221 shares of the company’s stock worth $1,930,000 after purchasing an additional 468,982 shares during the last quarter. Renaissance Technologies LLC raised its stake in ATI Physical Therapy by 570.6% during the 4th quarter. Renaissance Technologies LLC now owns 417,100 shares of the company’s stock worth $1,414,000 after acquiring an additional 354,900 shares in the last quarter. Geode Capital Management LLC raised its stake in ATI Physical Therapy by 304.6% during the 4th quarter. Geode Capital Management LLC now owns 443,453 shares of the company’s stock worth $1,503,000 after acquiring an additional 333,850 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in ATI Physical Therapy by 150.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 34,681 shares of the company’s stock worth $65,000 after acquiring an additional 20,861 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in ATI Physical Therapy in the fourth quarter valued at $44,000. 91.11% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on ATIP shares. Citigroup lowered their price objective on shares of ATI Physical Therapy from $3.50 to $2.25 in a research report on Wednesday, March 2nd. Benchmark raised shares of ATI Physical Therapy from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Friday, March 4th. Zacks Investment Research cut shares of ATI Physical Therapy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Jefferies Financial Group raised shares of ATI Physical Therapy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $3.50 to $5.00 in a research report on Friday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of ATI Physical Therapy in a research report on Wednesday, April 6th. They issued a “hold” rating and a $2.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, ATI Physical Therapy has an average rating of “Hold” and a consensus target price of $4.53.

About ATI Physical Therapy (Get Rating)

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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