Insider Buying: P3 Health Partners Inc. (NASDAQ:PIII) Major Shareholder Buys $39,200.00 in Stock

P3 Health Partners Inc. (NASDAQ:PIII) major shareholder Pacific Founders Ugp I. Chicago purchased 80,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $0.49 per share, for a total transaction of $39,200.00. Following the purchase, the insider now owns 76,785,438 shares in the company, valued at approximately $37,624,864.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

P3 Health Partners Price Performance

NASDAQ:PIII opened at $0.49 on Friday. The company has a market cap of $176.43 million, a P/E ratio of -0.84 and a beta of 1.17. The firm’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.65. P3 Health Partners Inc. has a one year low of $0.40 and a one year high of $2.70. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.69 and a quick ratio of 0.69.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its position in P3 Health Partners by 110.6% during the 1st quarter. GSA Capital Partners LLP now owns 565,522 shares of the company’s stock worth $582,000 after acquiring an additional 296,936 shares during the last quarter. Renaissance Technologies LLC raised its position in P3 Health Partners by 188.1% in the second quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock valued at $50,000 after purchasing an additional 73,000 shares during the last quarter. Armistice Capital LLC acquired a new stake in shares of P3 Health Partners during the second quarter valued at about $3,557,000. Emfo LLC grew its holdings in shares of P3 Health Partners by 39.8% during the second quarter. Emfo LLC now owns 1,427,689 shares of the company’s stock worth $643,000 after purchasing an additional 406,418 shares during the last quarter. Finally, Sanders Morris Harris LLC increased its stake in shares of P3 Health Partners by 16.3% in the second 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. Institutional investors and hedge funds own 7.75% of the company’s stock.

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.