P3 Health Partners (NASDAQ:PIII) Stock Price Down 3.4%

P3 Health Partners Inc. (NASDAQ:PIII)’s stock price was down 3.4% during mid-day trading on Friday . The company traded as low as $0.46 and last traded at $0.46. Approximately 316,921 shares changed hands during trading, a decline of 14% from the average daily volume of 368,858 shares. The stock had previously closed at $0.48.

P3 Health Partners Price Performance

The company has a market capitalization of $145.41 million, a PE ratio of -0.78 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50 day simple moving average is $0.55 and its 200-day simple moving average is $0.66.

P3 Health Partners (NASDAQ:PIII) last announced its earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The business had revenue of $379.16 million for the quarter, compared to analysts’ expectations of $364.50 million. P3 Health Partners had a negative return on equity of 43.19% and a negative net margin of 4.95%. As a group, equities analysts forecast that P3 Health Partners Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sanders Morris Harris LLC boosted its stake in shares of P3 Health Partners by 16.3% in the 2nd quarter. Sanders Morris Harris LLC now owns 142,998 shares of the company’s stock valued at $64,000 after buying an additional 20,000 shares during the period. Renaissance Technologies LLC grew its holdings in P3 Health Partners by 188.1% during the 2nd quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock worth $50,000 after acquiring an additional 73,000 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of P3 Health Partners by 110.6% in the 1st quarter. GSA Capital Partners LLP now owns 565,522 shares of the company’s stock valued at $582,000 after purchasing an additional 296,936 shares during the last quarter. Emfo LLC increased its position in shares of P3 Health Partners by 39.8% in the 2nd quarter. Emfo LLC now owns 1,427,689 shares of the company’s stock valued at $643,000 after purchasing an additional 406,418 shares during the last quarter. Finally, Armistice Capital LLC purchased a new stake in shares of P3 Health Partners during the 2nd quarter worth $3,557,000. 7.75% of the stock is owned by institutional investors and hedge funds.

P3 Health Partners Company Profile

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.