Shares of P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) were down 8.5% on Thursday . The stock traded as low as $0.22 and last traded at $0.22. Approximately 307,022 shares traded hands during trading, a decline of 37% from the average daily volume of 488,401 shares. The stock had previously closed at $0.24.
Wall Street Analyst Weigh In
Separately, TD Cowen reduced their price target on shares of P3 Health Partners from $0.90 to $0.25 and set a "hold" rating on the stock in a research note on Wednesday, November 20th.
Read Our Latest Stock Analysis on PIII
P3 Health Partners Price Performance
The company has a market cap of $77.18 million, a price-to-earnings ratio of -0.26 and a beta of 1.00. The company's 50 day moving average price is $0.24 and its 200 day moving average price is $0.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11.
Institutional Trading of P3 Health Partners
Several large investors have recently bought and sold shares of PIII. Armistice Capital LLC acquired a new stake in P3 Health Partners during the 2nd quarter valued at $3,557,000. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 73,000 shares during the last quarter. Trinity Financial Advisors LLC acquired a new stake in shares of P3 Health Partners during the 4th quarter worth about $261,000. Finally, Geode Capital Management LLC grew its holdings in shares of 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 worth $398,000 after buying an additional 550,925 shares in the last quarter. Institutional investors and hedge funds own 7.75% of the company's stock.
P3 Health Partners Company Profile
(
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.
Further Reading
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