Insider Buying: P3 Health Partners Inc. (NASDAQ:PIII) Major Shareholder Buys 80,000 Shares of Stock

P3 Health Partners Inc. (NASDAQ:PIII) major shareholder Pacific Founders Ugp I. Chicago acquired 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $0.49 per share, for a total transaction of $39,200.00. Following the completion of the acquisition, the insider now directly owns 76,625,438 shares of the company’s stock, valued at approximately $37,546,464.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

P3 Health Partners Price Performance

NASDAQ:PIII opened at $0.50 on Wednesday. P3 Health Partners Inc. has a 52 week low of $0.40 and a 52 week high of $2.94. The stock’s fifty day moving average is $0.55 and its two-hundred day moving average is $0.65. The company has a market capitalization of $158.63 million, a P/E ratio of -0.85 and a beta of 1.17. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.80.

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

Institutional Investors Weigh In On P3 Health Partners

Several large investors have recently added to or reduced their stakes in PIII. GSA Capital Partners LLP raised its position in P3 Health Partners by 110.6% in the 1st quarter. GSA Capital Partners LLP now owns 565,522 shares of the company’s stock valued at $582,000 after purchasing an additional 296,936 shares in the last quarter. Renaissance Technologies LLC grew its position 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 in the last quarter. Armistice Capital LLC purchased a new stake in shares of P3 Health Partners during the second quarter worth approximately $3,557,000. Emfo LLC raised its holdings in P3 Health Partners by 39.8% in the second quarter. Emfo LLC now owns 1,427,689 shares of the company’s stock valued at $643,000 after acquiring an additional 406,418 shares in the last quarter. Finally, Sanders Morris Harris LLC lifted its stake in P3 Health Partners by 16.3% in the second quarter. Sanders Morris Harris LLC now owns 142,998 shares of the company’s stock worth $64,000 after acquiring an additional 20,000 shares during the last quarter. 7.75% of the stock is owned by hedge funds and other institutional investors.

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.