Premier Inc (NASDAQ:PINC) insider Craig S. Mckasson sold 6,250 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $34.49, for a total value of $215,562.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
PINC stock opened at $32.40 on Wednesday. Premier Inc has a 1 year low of $27.16 and a 1 year high of $36.50. The stock has a market capitalization of $4,484.59, a PE ratio of -9.94, a PEG ratio of 1.27 and a beta of 0.45. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83.
Premier (NASDAQ:PINC) last released its earnings results on Monday, February 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The business had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $393.35 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. research analysts predict that Premier Inc will post 2.11 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in Premier by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after purchasing an additional 315 shares during the period. Amalgamated Bank grew its stake in Premier by 17.5% during the fourth quarter. Amalgamated Bank now owns 10,970 shares of the company’s stock worth $320,000 after purchasing an additional 1,631 shares during the period. Stevens Capital Management LP grew its stake in Premier by 25.5% during the third quarter. Stevens Capital Management LP now owns 9,601 shares of the company’s stock worth $313,000 after purchasing an additional 1,951 shares during the period. BNP Paribas Arbitrage SA grew its stake in Premier by 5.7% during the third quarter. BNP Paribas Arbitrage SA now owns 37,935 shares of the company’s stock worth $1,236,000 after purchasing an additional 2,048 shares during the period. Finally, BB&T Securities LLC grew its stake in Premier by 9.1% during the fourth quarter. BB&T Securities LLC now owns 25,606 shares of the company’s stock worth $747,000 after purchasing an additional 2,130 shares during the period. 42.91% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on PINC shares. Oppenheimer reiterated a “buy” rating and issued a $40.00 target price on shares of Premier in a research report on Thursday, December 7th. Evercore ISI started coverage on Premier in a research report on Thursday, January 18th. They issued an “in-line” rating and a $33.50 target price for the company. Citigroup initiated coverage on Premier in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $30.00 price objective on shares of Premier in a research report on Tuesday, December 19th. Finally, Cowen initiated coverage on Premier in a research report on Tuesday, February 13th. They set a “market perform” rating and a $35.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.71.
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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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