P3 Health Partners (PIII) reported third-quarter 2026 total operating revenue of $396.3 million, up 15% from the prior-year quarter, and net income of $30.8 million, compared with a net loss of $69.5 million a year earlier.
The company reported diluted earnings per share of $0.07 and adjusted EBITDA of $20.9 million. P3 raised the midpoint of its full-year 2026 adjusted EBITDA guidance to $100 million.
- Third-quarter operating revenue was $396.3 million, including $366.3 million of capitated revenue and $30.1 million of other revenue.
- Net income attributable to Class A common stockholders was $451,000, or $0.13 basic EPS and $0.07 diluted EPS.
- At-risk membership was approximately 105,000, down 9% year over year; total lives under management were approximately 133,500.
- Medical margin was $43.9 million, or $140 per member per month.
- Full-year 2026 revenue guidance remains $1.525 billion to $1.600 billion, while adjusted EBITDA guidance is $90 million to $110 million.
$PIIIW Hedge Fund Activity
We have seen 5 institutional investors add shares of $PIIIW stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WALLEYE CAPITAL LLC removed 750,000 shares (-37.6%) from their portfolio in Q2 2026, for an estimated $7,650
- TRINITY FINANCIAL ADVISORS LLC added 662,251 shares (+inf%) to their portfolio in Q3 2026, for an estimated $5,033
- TORONTO DOMINION BANK removed 472,721 shares (-90.4%) from their portfolio in Q2 2026, for an estimated $4,821
- STONEX GROUP INC. added 446,400 shares (+inf%) to their portfolio in Q3 2026, for an estimated $3,392
- WARBERG ASSET MANAGEMENT LLC removed 292,107 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,979
- SANDERS MORRIS HARRIS LLC added 93,332 shares (+inf%) to their portfolio in Q3 2026, for an estimated $709
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 82,717 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $843
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
