P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) shares traded down 3% during mid-day trading on Monday . The company traded as low as $8.45 and last traded at $8.45. 2,112 shares traded hands during trading, a decline of 90% from the average session volume of 20,528 shares. The stock had previously closed at $8.71.
Wall Street Analyst Weigh In
Separately, Lake Street Capital lowered their price objective on P3 Health Partners from $50.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, April 21st.
Check Out Our Latest Stock Analysis on PIII
P3 Health Partners Stock Down 3.7%
The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $57.38 million, a P/E ratio of -9.51 and a beta of 0.94. The stock has a 50-day moving average price of $8.72 and a 200-day moving average price of $10.37.
P3 Health Partners (NASDAQ:PIII - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($6.28) EPS for the quarter, missing the consensus estimate of ($5.00) by ($1.28). P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. The business had revenue of $373.23 million for the quarter, compared to analyst estimates of $362.09 million. On average, research analysts predict that P3 Health Partners Inc. will post -0.67 EPS for the current fiscal year.
Institutional Investors Weigh In On P3 Health Partners
Several large investors have recently added to or reduced their stakes in PIII. Cresset Asset Management LLC grew its stake in P3 Health Partners by 33.3% during the first quarter. Cresset Asset Management LLC now owns 200,000 shares of the company's stock worth $33,000 after purchasing an additional 50,000 shares during the period. Warberg Asset Management LLC grew its stake in P3 Health Partners by 1,353.5% during the fourth quarter. Warberg Asset Management LLC now owns 145,346 shares of the company's stock worth $33,000 after purchasing an additional 135,346 shares during the period. XTX Topco Ltd acquired a new stake in P3 Health Partners during the fourth quarter worth approximately $46,000. Abundance Wealth Counselors grew its stake in P3 Health Partners by 77.3% during the first quarter. Abundance Wealth Counselors now owns 400,000 shares of the company's stock worth $66,000 after purchasing an additional 174,395 shares during the period. Finally, Wealthedge Investment Advisors LLC acquired a new stake in P3 Health Partners in the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 7.75% of the company's stock.
About P3 Health Partners
(
Get Free Report)
P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.
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