Legal & General Group Plc grew its holdings in Premier Inc (NASDAQ:PINC) by 25.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,788 shares of the company’s stock after purchasing an additional 4,866 shares during the period. Legal & General Group Plc’s holdings in Premier were worth $775,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of PINC. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Premier by 13.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,185 shares of the company’s stock valued at $115,000 after purchasing an additional 384 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Premier by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after acquiring an additional 315 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Premier by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock valued at $161,000 after acquiring an additional 72 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Premier by 30.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock valued at $173,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Premier by 11.6% in the second quarter. Pacer Advisors Inc. now owns 7,426 shares of the company’s stock valued at $267,000 after acquiring an additional 774 shares in the last quarter. 38.37% of the stock is owned by institutional investors and hedge funds.
Shares of Premier Inc (NASDAQ:PINC) opened at $30.60 on Thursday. The firm has a market capitalization of $4,270.00, a price-to-earnings ratio of -12.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.40. Premier Inc has a twelve month low of $27.16 and a twelve month high of $36.50.
Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The business had revenue of $390.56 million for the quarter, compared to analysts’ expectations of $389.56 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. analysts forecast that Premier Inc will post 1.87 earnings per share for the current fiscal year.
In other news, COO Michael J. Alkire sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $29.90, for a total transaction of $747,500.00. Following the sale, the chief operating officer now directly owns 180,550 shares in the company, valued at approximately $5,398,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.52% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on PINC shares. Robert W. Baird restated a “buy” rating and issued a $35.00 price objective on shares of Premier in a research report on Friday, November 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $30.00 target price on shares of Premier in a research report on Tuesday, December 19th. KeyCorp reiterated a “buy” rating and issued a $42.00 target price on shares of Premier in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, SunTrust Banks decreased their price objective on Premier to $36.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Premier presently has an average rating of “Hold” and an average target price of $37.00.
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Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
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