Seizert Capital Partners LLC decreased its stake in Premier Inc (NASDAQ:PINC) by 4.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,120 shares of the company’s stock after selling 1,657 shares during the quarter. Seizert Capital Partners LLC’s holdings in Premier were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its position in Premier by 48.6% during the 1st quarter. Royce & Associates LP now owns 1,388 shares of the company’s stock worth $48,000 after acquiring an additional 454 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Premier by 3.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 31,936 shares of the company’s stock worth $1,249,000 after purchasing an additional 1,025 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Premier by 8.9% during the 2nd quarter. WINTON GROUP Ltd now owns 14,465 shares of the company’s stock worth $566,000 after purchasing an additional 1,188 shares in the last quarter. Brinker Capital Inc. raised its stake in shares of Premier by 5.7% during the 1st quarter. Brinker Capital Inc. now owns 29,230 shares of the company’s stock worth $1,008,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Financial Gravity Wealth Inc. raised its stake in shares of Premier by 401.7% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,067 shares of the company’s stock worth $81,000 after purchasing an additional 1,655 shares in the last quarter. Institutional investors and hedge funds own 50.26% of the company’s stock.
Shares of PINC stock traded down $0.86 during trading on Friday, reaching $36.92. The company had a trading volume of 337,214 shares, compared to its average volume of 430,908. The firm’s 50 day simple moving average is $39.13 and its two-hundred day simple moving average is $36.84. Premier Inc has a one year low of $31.31 and a one year high of $47.22. The company has a market capitalization of $4.77 billion, a PE ratio of 16.26, a PEG ratio of 1.35 and a beta of 0.35.
Premier (NASDAQ:PINC) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.04). Premier had a net margin of 17.30% and a negative return on equity of 27.85%. The company had revenue of $316.20 million during the quarter, compared to the consensus estimate of $426.69 million. During the same period in the previous year, the business posted $0.70 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Premier Inc will post 2.64 earnings per share for the current year.
In related news, Director William E. Mayer sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $37.45, for a total value of $149,800.00. Following the transaction, the director now directly owns 13,763 shares of the company’s stock, valued at approximately $515,424.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Alfred Hargraves sold 1,037 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $37.61, for a total value of $39,001.57. Following the completion of the transaction, the senior vice president now directly owns 10,024 shares in the company, valued at $377,002.64. The disclosure for this sale can be found here. 18.30% of the stock is currently owned by company insiders.
PINC has been the subject of a number of recent research reports. Canaccord Genuity set a $36.00 price target on Premier and gave the stock a “hold” rating in a research note on Wednesday. Guggenheim initiated coverage on Premier in a research note on Tuesday, June 18th. They set a “neutral” rating and a $41.00 price target for the company. BidaskClub downgraded Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $42.00 price target (down from $43.00) on shares of Premier in a research note on Tuesday, August 13th. Finally, Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.29.
Premier Company Profile
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products.
Featured Story: How to calculate the intrinsic value of a stock
Want to see what other hedge funds are holding PINC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Premier Inc (NASDAQ:PINC).
Receive News & Ratings for Premier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier and related companies with MarketBeat.com's FREE daily email newsletter.