Macquarie Group Ltd. decreased its stake in Premier, Inc. (NASDAQ:PINC) by 23.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,250 shares of the company’s stock after selling 18,650 shares during the quarter. Macquarie Group Ltd.’s holdings in Premier were worth $1,995,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Suntrust Banks Inc. purchased a new position in shares of Premier in the 2nd quarter worth approximately $276,000. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 300,387 shares during the period. Reinhart Partners Inc. purchased a new position in shares of Premier in the 3rd quarter worth approximately $1,727,000. Citadel Advisors LLC boosted its holdings 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 purchasing an additional 326,899 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its holdings in shares of Premier by 2.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 316,600 shares of the company’s stock worth $11,398,000 after purchasing an additional 7,020 shares during the period. Hedge funds and other institutional investors own 38.31% of the company’s stock.

Shares of Premier, Inc. (PINC) opened at $28.91 on Wednesday. Premier, Inc. has a one year low of $27.16 and a one year high of $36.50. The stock has a market capitalization of $4,070.73, a P/E ratio of 16.30, a P/E/G ratio of 1.30 and a beta of 0.40.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $390.56 million for the quarter, compared to the consensus estimate of $389.56 million. During the same period in the prior year, the business posted $0.41 earnings per share. Premier’s revenue was up 24.7% on a year-over-year basis. equities analysts anticipate that Premier, Inc. will post 1.87 EPS for the current year.

A number of brokerages have recently commented on PINC. KeyCorp reiterated a “buy” rating and issued a $42.00 target price on shares of Premier in a report on Wednesday, October 4th. Jefferies Group reissued a “buy” rating and set a $40.00 price target on shares of Premier in a research note on Wednesday, August 9th. BidaskClub lowered Premier from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.38.

In other Premier news, COO Michael J. Alkire sold 25,000 shares of Premier stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $29.90, for a total transaction of $747,500.00. Following the completion of the sale, the chief operating officer now directly owns 180,550 shares of the company’s stock, valued at approximately $5,398,445. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 17.52% of the stock is currently owned by company insiders.

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About Premier

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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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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