Sei Investments Co. Sells 125,602 Shares of Premier, Inc. (PINC)
Sei Investments Co. decreased its position in shares of Premier, Inc. (NASDAQ:PINC) by 80.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,162 shares of the company’s stock after selling 125,602 shares during the period. Sei Investments Co. owned 0.06% of Premier worth $1,086,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC boosted its position in shares of Premier by 1.2% in the first quarter. FMR LLC now owns 7,605,279 shares of the company’s stock valued at $242,076,000 after buying an additional 92,394 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Premier by 7.9% in the first quarter. Vanguard Group Inc. now owns 4,045,361 shares of the company’s stock valued at $128,764,000 after buying an additional 297,758 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Premier by 1.0% in the first quarter. TimesSquare Capital Management LLC now owns 2,638,000 shares of the company’s stock valued at $83,968,000 after buying an additional 27,300 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Premier by 561.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,676,451 shares of the company’s stock valued at $53,361,000 after buying an additional 1,422,955 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Premier by 5.9% in the first quarter. Westwood Holdings Group Inc. now owns 1,351,917 shares of the company’s stock valued at $43,032,000 after buying an additional 75,426 shares in the last quarter.
Shares of Premier, Inc. (NASDAQ:PINC) opened at 33.50 on Friday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 22.19 and a beta of 0.46. Premier, Inc. has a 52 week low of $28.27 and a 52 week high of $36.50. The company has a 50-day moving average price of $34.22 and a 200-day moving average price of $33.55.
Premier (NASDAQ:PINC) last announced its quarterly earnings results on Monday, August 21st. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $403.10 million for the quarter, compared to analysts’ expectations of $400.45 million. Premier had a negative return on equity of 16.27% and a net margin of 0.66%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. Equities analysts anticipate that Premier, Inc. will post $2.05 EPS for the current year.
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Several brokerages have recently issued reports on PINC. UBS AG restated a “neutral” rating and issued a $35.00 target price (up previously from $34.00) on shares of Premier in a report on Thursday, May 25th. Piper Jaffray Companies restated a “hold” rating on shares of Premier in a report on Tuesday, August 22nd. William Blair restated an “ourperform” rating on shares of Premier in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Premier from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $40.00 target price on shares of Premier in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Premier presently has a consensus rating of “Hold” and a consensus price target of $38.43.
In other Premier news, SVP Leigh Anderson sold 2,264 shares of Premier stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $32.73, for a total transaction of $74,100.72. Following the completion of the sale, the senior vice president now directly owns 14,654 shares of the company’s stock, valued at approximately $479,625.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig S. Mckasson sold 10,750 shares of Premier stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $33.55, for a total value of $360,662.50. Following the sale, the insider now directly owns 88,688 shares of the company’s stock, valued at $2,975,482.40. The disclosure for this sale can be found here. Insiders have sold a total of 251,974 shares of company stock valued at $8,691,997 over the last ninety days. 17.14% of the stock is owned by company insiders.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider 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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