P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report)'s stock price traded down 3% during trading on Monday . The company traded as low as $8.45 and last traded at $8.45. 2,112 shares changed hands during trading, a decline of 90% from the average session volume of 20,528 shares. The stock had previously closed at $8.71.
Analysts Set New Price Targets
Separately, Lake Street Capital dropped their price objective on shares of P3 Health Partners from $50.00 to $20.00 and set a "buy" rating on the stock in a report on Monday, April 21st.
Get Our Latest Stock Analysis on P3 Health Partners
P3 Health Partners Trading Up 1.5%
The firm has a market cap of $59.61 million, a P/E ratio of -9.88 and a beta of 0.94. The business's 50-day moving average is $8.76 and its two-hundred day moving average is $10.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53.
P3 Health Partners (NASDAQ:PIII - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($6.28) earnings per share for the quarter, missing analysts' consensus estimates of ($5.00) by ($1.28). P3 Health Partners had a negative net margin of 6.95% and a negative return on equity of 71.31%. As a group, analysts predict that P3 Health Partners Inc. will post -0.67 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Wealthedge Investment Advisors LLC bought a new position in shares of P3 Health Partners in the 4th quarter valued at about $83,000. XTX Topco Ltd bought a new position in shares of P3 Health Partners in the 4th quarter valued at about $46,000. Abundance Wealth Counselors grew its position in shares of P3 Health Partners by 77.3% in the 1st quarter. Abundance Wealth Counselors now owns 400,000 shares of the company's stock valued at $66,000 after acquiring an additional 174,395 shares during the period. Warberg Asset Management LLC grew its position in shares of P3 Health Partners by 1,353.5% in the 4th quarter. Warberg Asset Management LLC now owns 145,346 shares of the company's stock valued at $33,000 after acquiring an additional 135,346 shares during the period. Finally, Sanders Morris Harris LLC grew its position in shares of P3 Health Partners by 50.0% in the 4th quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company's stock valued at $41,000 after acquiring an additional 61,499 shares during the period. Institutional investors 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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