Abundance Wealth Counselors Reduces Stock Position in P3 Health Partners Inc. (NASDAQ:PIII)

Abundance Wealth Counselors cut its stake in shares of P3 Health Partners Inc. (NASDAQ:PIII) by 43.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 225,605 shares of the company’s stock after selling 174,395 shares during the period. Abundance Wealth Counselors owned about 0.06% of P3 Health Partners worth $51,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PIII. Sanders Morris Harris LLC boosted its position 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 worth $41,000 after purchasing an additional 61,499 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of P3 Health Partners by 188.1% in the second quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock worth $50,000 after buying an additional 73,000 shares during the last quarter. Geode Capital Management LLC grew its position in P3 Health Partners by 115.2% during the third quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after buying an additional 550,925 shares during the period. Finally, Trinity Financial Advisors LLC purchased a new stake in P3 Health Partners during the fourth quarter valued at approximately $261,000. 7.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, TD Cowen reduced their price objective on P3 Health Partners from $0.90 to $0.25 and set a “hold” rating for the company in a research note on Wednesday, November 20th.

P3 Health Partners Trading Up 3.1 %

P3 Health Partners stock opened at $0.18 on Friday. P3 Health Partners Inc. has a 1 year low of $0.17 and a 1 year high of $1.35. The firm’s 50 day moving average price is $0.21 and its 200-day moving average price is $0.37. 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 stock has a market cap of $64.73 million, a P/E ratio of -0.21 and a beta of 1.00.

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.