P3 Health Partners (NASDAQ:PIII) Shares Gap Down – Should You Sell?

Shares of P3 Health Partners Inc. (NASDAQ:PIII) gapped down prior to trading on Monday . The stock had previously closed at $7.58, but opened at $7.00. P3 Health Partners shares last traded at $7.78, with a volume of 5,909 shares changing hands.

P3 Health Partners Stock Performance

The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -9.05 and a beta of 0.96. The stock has a fifty day simple moving average of $0.19 and a two-hundred day simple moving average of $0.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 0.53.

P3 Health Partners (NASDAQ:PIII) last issued its quarterly earnings data on Thursday, March 27th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.15). P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. The company had revenue of $370.69 million during the quarter, compared to analysts’ expectations of $378.88 million. Analysts forecast that P3 Health Partners Inc. will post -0.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On P3 Health Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of PIII. Geode Capital Management LLC increased its position 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 purchasing an additional 550,925 shares during the last quarter. Trinity Financial Advisors LLC bought a new position in shares of P3 Health Partners in the 4th quarter worth approximately $261,000. Sanders Morris Harris LLC boosted its position in shares of P3 Health Partners by 50.0% during the fourth quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock valued at $41,000 after purchasing an additional 61,499 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new stake in shares of P3 Health Partners during the 4th quarter valued at $83,000. Finally, XTX Topco Ltd purchased a new stake in P3 Health Partners in the fourth quarter worth about $46,000. Institutional investors own 7.75% of the company’s stock.

About P3 Health Partners

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.