Geode Capital Management LLC Grows Stock Position in P3 Health Partners Inc. (NASDAQ:PIII)

Geode Capital Management LLC increased its stake in shares of P3 Health Partners Inc. (NASDAQ:PIII) by 115.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,259 shares of the company’s stock after purchasing an additional 550,925 shares during the quarter. Geode Capital Management LLC owned 0.29% of P3 Health Partners worth $398,000 at the end of the most recent quarter.

Separately, 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. 7.75% of the stock is owned by hedge funds and other institutional investors.

P3 Health Partners Trading Down 3.0 %

NASDAQ:PIII opened at $0.22 on Monday. P3 Health Partners Inc. has a 1 year low of $0.18 and a 1 year high of $1.36. The stock has a market cap of $77.18 million, a P/E ratio of -0.26 and a beta of 1.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50-day simple moving average of $0.24 and a 200-day simple moving average of $0.40.

Wall Street Analysts Forecast Growth

Separately, TD Cowen lowered 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 report on Wednesday, November 20th.

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.