P3 Health Partners (NASDAQ:PIII) Shares Gap Down – Here’s What Happened

P3 Health Partners Inc. (NASDAQ:PIII)’s share price gapped down before the market opened 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 traded.

P3 Health Partners Stock Up 8.9 %

The business has a 50-day simple moving average of $9.33 and a two-hundred day simple moving average of $12.07. The company has a market capitalization of $70.31 million, a price-to-earnings ratio of -11.65 and a beta of 0.96. 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 results on Thursday, March 27th. The company reported ($16.00) earnings per share for the quarter, missing the consensus estimate of ($8.50) by ($7.50). The company had revenue of $370.69 million for the quarter, compared to analyst estimates of $378.88 million. P3 Health Partners had a negative return on equity of 71.31% and a negative net margin of 6.95%. As a group, equities analysts predict that P3 Health Partners Inc. will post -0.67 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Trinity Financial Advisors LLC purchased a new stake in P3 Health Partners in the 4th quarter valued at approximately $261,000. Geode Capital Management LLC lifted its holdings in shares of P3 Health Partners by 115.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after buying an additional 550,925 shares during the period. Wealthedge Investment Advisors LLC purchased a new stake in shares of P3 Health Partners in the fourth quarter valued at approximately $83,000. XTX Topco Ltd acquired a new position in P3 Health Partners during the fourth quarter worth $46,000. Finally, Sanders Morris Harris LLC grew its holdings in P3 Health Partners by 50.0% during the fourth quarter. Sanders Morris Harris LLC now owns 184,497 shares of the company’s stock worth $41,000 after acquiring an additional 61,499 shares during the period. 7.75% of the stock is currently owned by institutional investors and hedge funds.

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.