P3 Health Partners Inc. (NASDAQ:PIII) Short Interest Update

P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 85,500 shares, a drop of 97.2% from the March 31st total of 3,080,000 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 4.5 days. Approximately 4.7% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital decreased their price objective on P3 Health Partners from $50.00 to $20.00 and set a "buy" rating for the company in a report on Monday, April 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Warberg Asset Management LLC boosted its holdings 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 buying an additional 135,346 shares during the last quarter. Sanders Morris Harris LLC lifted its stake in P3 Health Partners by 50.0% in the fourth 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 last quarter. 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 increased its stake in shares of P3 Health Partners by 77.3% during the 1st 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 last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of P3 Health Partners in the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 7.75% of the company's stock.

P3 Health Partners Stock Up 2.7 %

Shares of PIII stock traded up $0.24 during trading on Wednesday, reaching $8.99. The company's stock had a trading volume of 3,388 shares, compared to its average volume of 20,326. The company has a market cap of $64.57 million, a price-to-earnings ratio of -10.70 and a beta of 0.96. P3 Health Partners has a one year low of $7.00 and a one year high of $40.50. The business has a fifty day moving average price of $8.96 and a 200-day moving average price of $11.43. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.11.

P3 Health Partners (NASDAQ:PIII - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($16.00) EPS for the quarter, missing analysts' consensus estimates of ($8.50) by ($7.50). The business had revenue of $370.69 million for the quarter, compared to analyst estimates of $378.88 million. P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. Analysts anticipate that P3 Health Partners will post -0.67 earnings per share for the current year.

About P3 Health Partners

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.