P3 Health Partners (NASDAQ:PIII) Stock Price Down 8.5% – Should You Sell?

P3 Health Partners Inc. (NASDAQ:PIII) shares were down 8.5% during trading on Thursday . The company traded as low as $0.22 and last traded at $0.22. Approximately 307,022 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 488,401 shares. The stock had previously closed at $0.24.

Analysts Set New Price Targets

Separately, TD Cowen lowered their price target on P3 Health Partners from $0.90 to $0.25 and set a “hold” rating on the stock in a report on Wednesday, November 20th.

P3 Health Partners Trading Down 3.0 %

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 capitalization of $77.18 million, a PE ratio of -0.26 and a beta of 1.00. The business has a fifty day moving average price of $0.24 and a two-hundred day moving average price of $0.40.

Institutional Trading of P3 Health Partners

A number of institutional investors have recently modified their holdings of PIII. Armistice Capital LLC acquired a new position in shares of P3 Health Partners in the 2nd quarter valued at about $3,557,000. Renaissance Technologies LLC grew its holdings in 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 purchasing an additional 73,000 shares in the last quarter. Trinity Financial Advisors LLC acquired a new position in shares of P3 Health Partners in the fourth quarter worth about $261,000. Finally, Geode Capital Management LLC grew its stake in 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 purchasing an additional 550,925 shares in the last quarter. 7.75% of the stock is currently owned by hedge funds and other institutional investors.

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.