Legal & General Group Plc lifted its position in Premier Inc (NASDAQ:PINC) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,788 shares of the company’s stock after acquiring 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 large investors have also recently made changes to their positions in PINC. Suntrust Banks Inc. purchased a new position in shares of Premier in the 2nd quarter worth $276,000. Vanguard Group Inc. boosted its stake in shares of Premier by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock worth $156,447,000 after buying an additional 300,387 shares during the last quarter. Reinhart Partners Inc. purchased a new position in shares of Premier in the 3rd quarter worth $1,727,000. Citadel Advisors LLC boosted its stake in shares of Premier by 37.7% in the 2nd quarter. Citadel Advisors LLC now owns 1,193,181 shares of the company’s stock worth $42,954,000 after buying an additional 326,899 shares during the last quarter. Finally, Seminole Management Co. Inc. purchased a new position in shares of Premier in the 2nd quarter worth $432,000. 38.36% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on PINC. Evercore ISI began coverage on Premier in a research note on Thursday. They issued a $33.50 price target on the stock. Zacks Investment Research upgraded Premier from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, January 10th. BidaskClub upgraded Premier from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Citigroup began coverage on Premier in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, KeyCorp reiterated a “buy” rating and set a $42.00 target price on shares of Premier in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.35.
In other news, COO Michael J. Alkire sold 25,000 shares of Premier stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $29.90, for a total value of $747,500.00. Following the sale, the chief operating officer now directly owns 180,550 shares of the company’s stock, valued at $5,398,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.52% of the company’s stock.
Shares of Premier Inc (PINC) opened at $32.23 on Friday. Premier Inc has a twelve month low of $27.16 and a twelve month high of $36.50. The company has a market capitalization of $4,500.00, a PE ratio of -13.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.40.
Premier (NASDAQ:PINC) last issued its earnings results on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.05). Premier had a negative return on equity of 18.31% and a net margin of 17.99%. The firm had revenue of $390.56 million during the quarter, compared to the consensus estimate of $389.56 million. During the same period last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. equities analysts anticipate that Premier Inc will post 1.9 EPS for the current fiscal year.
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Premier Company Profile
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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