P3 Health Partners (NASDAQ:PIII) Stock Price Down 3.4% – Should You Sell?

P3 Health Partners Inc. (NASDAQ:PIII)’s share price fell 3.4% during mid-day trading on Tuesday . The stock traded as low as $6.78 and last traded at $6.79. 5,404 shares changed hands during trading, a decline of 73% from the average session volume of 20,383 shares. The stock had previously closed at $7.03.

Analyst Ratings Changes

Separately, Lake Street Capital lowered their target price on P3 Health Partners from $50.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 21st.

P3 Health Partners Stock Performance

The company has a market capitalization of $48.81 million, a price-to-earnings ratio of -8.08 and a beta of 0.94. 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 50 day moving average price of $8.41 and a two-hundred day moving average price of $9.59.

P3 Health Partners (NASDAQ:PIII) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($6.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.00) by ($1.28). The firm had revenue of $373.23 million during the quarter, compared to the consensus estimate of $362.09 million. P3 Health Partners had a negative net margin of 6.95% and a negative return on equity of 71.31%. On average, analysts predict that P3 Health Partners Inc. will post -0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On P3 Health Partners

Several hedge funds have recently added to or reduced their stakes in PIII. Cresset Asset Management LLC boosted its holdings in P3 Health Partners by 33.3% in the first quarter. Cresset Asset Management LLC now owns 200,000 shares of the company’s stock valued at $33,000 after acquiring an additional 50,000 shares during the last quarter. Warberg Asset Management LLC boosted its holdings in P3 Health Partners by 1,353.5% in the fourth quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock valued at $33,000 after acquiring an additional 135,346 shares during the last quarter. XTX Topco Ltd bought a new position in P3 Health Partners in the fourth quarter valued at about $46,000. Abundance Wealth Counselors boosted its holdings in P3 Health Partners by 77.3% during the first quarter. Abundance Wealth Counselors now owns 400,000 shares of the company’s stock worth $66,000 after buying an additional 174,395 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in P3 Health Partners during the fourth quarter worth about $83,000. 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.