SlateStone Wealth LLC Buys Shares of 28,033 P3 Health Partners Inc. (NASDAQ:PIII)

SlateStone Wealth LLC purchased a new position in shares of P3 Health Partners Inc. (NASDAQ:PIII) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 28,033 shares of the company’s stock, valued at approximately $40,000.

Several other large investors also recently made changes to their positions in the stock. Emfo LLC lifted its position in shares of P3 Health Partners by 7.9% during the 3rd quarter. Emfo LLC now owns 1,004,147 shares of the company’s stock worth $1,476,000 after purchasing an additional 73,725 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in P3 Health Partners in the 3rd quarter valued at approximately $101,000. Finally, Principal Financial Group Inc. raised its holdings in P3 Health Partners by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 80,055 shares of the company’s stock valued at $118,000 after acquiring an additional 9,400 shares in the last quarter. Institutional investors own 7.75% of the company’s stock.

Analyst Upgrades and Downgrades

PIII has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of P3 Health Partners in a research note on Monday, April 1st. BTIG Research lowered P3 Health Partners from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Finally, Lake Street Capital decreased their price target on P3 Health Partners from $9.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, March 14th.

P3 Health Partners Stock Down 2.5 %

NASDAQ PIII traded down $0.01 on Wednesday, reaching $0.50. The company had a trading volume of 53,245 shares, compared to its average volume of 365,738. The stock’s 50 day moving average is $0.90 and its 200-day moving average is $1.15. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.76. P3 Health Partners Inc. has a 52 week low of $0.45 and a 52 week high of $5.56.

P3 Health Partners (NASDAQ:PIII) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The company had revenue of $346.86 million during the quarter, compared to the consensus estimate of $309.80 million. P3 Health Partners had a negative net margin of 4.56% and a negative return on equity of 120.85%. As a group, analysts predict that P3 Health Partners Inc. will post -0.56 earnings per share for the current fiscal year.

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.