Shares of P3 Health Partners Inc. (NASDAQ:PIII - Get Free Report) traded down 3.7% during trading on Thursday . The stock traded as low as $0.21 and last traded at $0.21. 284,039 shares changed hands during trading, a decline of 40% from the average session volume of 470,088 shares. The stock had previously closed at $0.22.
Analysts Set New Price Targets
Separately, TD Cowen cut 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.
View Our Latest Report on P3 Health Partners
P3 Health Partners Price Performance
The company has a 50 day simple moving average of $0.31 and a 200 day simple moving average of $0.45. The company has a market capitalization of $73.56 million, a price-to-earnings ratio of -0.24 and a beta of 0.98. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.11.
Institutional Trading of P3 Health Partners
A number of institutional investors and hedge funds have recently bought and sold shares of PIII. Renaissance Technologies LLC raised its holdings 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 valued at $50,000 after buying an additional 73,000 shares during the period. Emfo LLC grew its stake 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 valued at $643,000 after acquiring an additional 406,418 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of P3 Health Partners by 115.2% in the third quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company's stock worth $398,000 after acquiring an additional 550,925 shares in the last quarter. Finally, Armistice Capital LLC purchased a new position in P3 Health Partners in the second quarter valued at about $3,557,000. 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.
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