Advantage Alpha Capital Partners LP Acquires Shares of 171,357 Privia Health Group, Inc. $PRVA

Advantage Alpha Capital Partners LP acquired a new position in shares of Privia Health Group, Inc. (NASDAQ:PRVA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 171,357 shares of the company’s stock, valued at approximately $3,941,000. Advantage Alpha Capital Partners LP owned about 0.14% of Privia Health Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in Privia Health Group by 2.4% during the first quarter. US Bancorp DE now owns 18,487 shares of the company’s stock worth $415,000 after purchasing an additional 429 shares during the last quarter. Bank of Montreal Can increased its position in shares of Privia Health Group by 1.9% during the second quarter. Bank of Montreal Can now owns 28,694 shares of the company’s stock valued at $660,000 after acquiring an additional 543 shares during the last quarter. CWM LLC lifted its holdings in Privia Health Group by 50.3% during the first quarter. CWM LLC now owns 1,804 shares of the company’s stock worth $40,000 after acquiring an additional 604 shares during the period. Maryland State Retirement & Pension System boosted its position in Privia Health Group by 2.5% in the second quarter. Maryland State Retirement & Pension System now owns 30,814 shares of the company’s stock worth $709,000 after purchasing an additional 763 shares during the last quarter. Finally, MQS Management LLC grew its stake in Privia Health Group by 8.5% in the 2nd quarter. MQS Management LLC now owns 10,167 shares of the company’s stock valued at $234,000 after purchasing an additional 795 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Privia Health Group Price Performance

Shares of PRVA stock opened at $24.46 on Friday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 188.17, a PEG ratio of 4.07 and a beta of 0.83. The company’s fifty day simple moving average is $24.37 and its two-hundred day simple moving average is $22.79. Privia Health Group, Inc. has a 1 year low of $18.77 and a 1 year high of $26.51.

Privia Health Group (NASDAQ:PRVA) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter. Privia Health Group had a return on equity of 2.52% and a net margin of 0.89%.The firm had revenue of $213.61 million during the quarter. Equities research analysts anticipate that Privia Health Group, Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PRVA shares. JMP Securities raised their target price on Privia Health Group from $29.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, August 29th. Citizens Jmp boosted their target price on shares of Privia Health Group from $30.00 to $31.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Privia Health Group from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Evercore ISI raised their target price on Privia Health Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Truist Financial restated a “buy” rating and issued a $31.00 target price (up from $30.00) on shares of Privia Health Group in a research note on Monday, November 10th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Privia Health Group has an average rating of “Moderate Buy” and an average target price of $30.00.

About Privia Health Group

Privia Health Group, Inc operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.