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

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

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their price target on shares of P3 Health Partners from $0.90 to $0.25 and set a “hold” rating for the company in a research report on Wednesday, November 20th.

P3 Health Partners Trading Down 3.0 %

The company’s 50 day moving average price is $0.24 and its 200 day moving average price is $0.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $77.18 million, a PE ratio of -0.26 and a beta of 1.00.

Hedge Funds Weigh In On P3 Health Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in P3 Health Partners by 188.1% in the second quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock valued at $50,000 after acquiring an additional 73,000 shares in the last quarter. Trinity Financial Advisors LLC purchased a new stake in P3 Health Partners during the 4th quarter valued at approximately $261,000. Geode Capital Management LLC lifted its position in P3 Health Partners by 115.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock worth $398,000 after acquiring an additional 550,925 shares during the period. Finally, Armistice Capital LLC purchased a new position in shares of P3 Health Partners in the 2nd quarter valued at approximately $3,557,000. 7.75% of the stock is 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.