Insider Buying: P3 Health Partners Inc. (NASDAQ:PIII) Major Shareholder Acquires $40,000.00 in Stock

P3 Health Partners Inc. (NASDAQ:PIII) major shareholder Pacific Founders Ugp I. Chicago purchased 80,000 shares of P3 Health Partners stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $0.50 per share, with a total value of $40,000.00. Following the completion of the transaction, the insider now owns 77,185,438 shares of the company’s stock, valued at $38,592,719. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

P3 Health Partners Stock Performance

Shares of PIII stock opened at $0.49 on Monday. The stock’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.69 and a current ratio of 0.69. P3 Health Partners Inc. has a 1 year low of $0.40 and a 1 year high of $2.70. The firm has a market cap of $155.91 million, a price-to-earnings ratio of -0.84 and a beta of 1.17.

P3 Health Partners (NASDAQ:PIII) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The firm had revenue of $379.16 million for the quarter, compared to analysts’ expectations of $364.50 million. P3 Health Partners had a negative return on equity of 43.19% and a negative net margin of 4.95%. Analysts predict that P3 Health Partners Inc. will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On P3 Health Partners

A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its stake in P3 Health Partners by 110.6% during the 1st quarter. GSA Capital Partners LLP now owns 565,522 shares of the company’s stock worth $582,000 after purchasing an additional 296,936 shares during the period. Sanders Morris Harris LLC raised its holdings in shares of P3 Health Partners by 16.3% in the second quarter. Sanders Morris Harris LLC now owns 142,998 shares of the company’s stock valued at $64,000 after buying an additional 20,000 shares during the last quarter. Emfo LLC boosted its stake in shares of P3 Health Partners by 39.8% during the second quarter. Emfo LLC now owns 1,427,689 shares of the company’s stock worth $643,000 after buying an additional 406,418 shares during the period. Renaissance Technologies LLC boosted its stake in shares of P3 Health Partners by 188.1% during the second quarter. Renaissance Technologies LLC now owns 111,800 shares of the company’s stock worth $50,000 after buying an additional 73,000 shares during the period. Finally, Armistice Capital LLC purchased a new position in shares of P3 Health Partners during the second quarter worth about $3,557,000. 7.75% of the stock is currently owned by hedge funds and other institutional investors.

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.