P3 Health Partners (NASDAQ:PIII) Shares Gap Down - Should You Sell?

P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $7.58, but opened at $7.00. P3 Health Partners shares last traded at $7.78, with a volume of 5,909 shares traded.

P3 Health Partners Trading Down 5.9 %

The company's fifty day moving average price is $9.32 and its two-hundred day moving average price is $11.98. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11. The firm has a market cap of $66.36 million, a P/E ratio of -11.00 and a beta of 0.96.

P3 Health Partners (NASDAQ:PIII - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported ($16.00) EPS for the quarter, missing the consensus estimate of ($8.50) by ($7.50). P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. The business had revenue of $370.69 million for the quarter, compared to analyst estimates of $378.88 million. As a group, sell-side analysts predict that P3 Health Partners Inc. will post -0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PIII. Geode Capital Management LLC grew its holdings 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 worth $398,000 after purchasing an additional 550,925 shares during the period. Trinity Financial Advisors LLC bought a new position in P3 Health Partners in the 4th quarter valued at about $261,000. Sanders Morris Harris LLC lifted its stake in P3 Health Partners by 50.0% in the 4th quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company's stock valued at $41,000 after purchasing an additional 61,499 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new position in P3 Health Partners in the 4th quarter worth about $83,000. Finally, XTX Topco Ltd bought a new position in shares of P3 Health Partners during the fourth quarter valued at $46,000. Institutional investors 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.