Investment firm BTIG Research has reaffirmed its neutral rating on shares of P3 Health Partners (NASDAQ: PIII), according to a research note released on Friday. This announcement comes amid a flurry of recent analysis from various equities analysts regarding the company’s performance in the market.
On November 17, Lake Street Capital adjusted its price target for P3 Health Partners from $20.00 to $12.50, while also designating the stock with a “buy” rating. Meanwhile, Weiss Ratings reiterated a “sell (e+)” rating on the stock in a report dated October 8. Currently, one analyst has issued a buy rating, another a hold rating, and a third has recommended selling. As reported by MarketBeat.com, P3 Health Partners holds an average rating of “Hold,” alongside an average target price of $12.50.
P3 Health Partners, which specializes in patient-centered and physician-led population health management, has also released its quarterly earnings data. On November 13, the company announced earnings per share of ($9.67), falling short of the consensus estimate of ($8.70) by $0.97. The firm reported revenues of $345.25 million, slightly below analyst expectations of $346.64 million. P3 Health Partners recorded a negative net margin of 9.07% and a staggering negative return on equity of 302.33%. Analysts forecast that the company will report an EPS of (0.67) for the current fiscal year.
Institutional Trading Activity
In terms of institutional trading, Trinity Financial Advisors LLC has recently increased its stake in P3 Health Partners. The hedge fund raised its position by 4.6% during the third quarter, as outlined in its latest filing with the Securities and Exchange Commission (SEC). Following this adjustment, Trinity Financial Advisors owns 26,678 shares of P3 Health Partners, having acquired an additional 1,178 shares during the period. As of the latest SEC filing, the investment firm held approximately 0.37% of the company’s stock, valued at around $239,000. Overall, institutional investors own 7.75% of P3 Health Partners.
About P3 Health Partners
Founded in 2020 and based in Henderson, Nevada, P3 Health Partners operates clinics and wellness centers across the United States. The company emphasizes delivering superior care services, aiming to improve health outcomes through a patient-centered approach.
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