P3 Health Partners (NASDAQ:PIII) Trading Down 3.7% – Time to Sell?

Shares of P3 Health Partners Inc. (NASDAQ:PIII) fell 3.7% on Thursday . The company traded as low as $0.21 and last traded at $0.21. 284,039 shares traded hands during trading, a decline of 40% from the average session volume of 470,088 shares. The stock had previously closed at $0.22.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut 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 Down 3.7 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $76.68 million, a PE ratio of -0.25 and a beta of 0.99. The stock has a fifty day moving average of $0.31 and a 200 day moving average of $0.46.

Institutional Trading of P3 Health Partners

Several hedge funds have recently bought and sold shares of PIII. Renaissance Technologies LLC boosted its position 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 acquiring an additional 73,000 shares during the last quarter. Emfo LLC raised its stake in 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 purchasing an additional 406,418 shares in the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 550,925 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in shares of P3 Health Partners in the 2nd quarter worth $3,557,000. Hedge funds and other institutional investors own 7.75% of the company’s stock.

P3 Health Partners Company Profile

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.