Highbridge Capital Management LLC increased its position in Premier, Inc. (NASDAQ:PINC) by 22.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,260 shares of the company’s stock after purchasing an additional 42,539 shares during the period. Highbridge Capital Management LLC owned approximately 0.16% of Premier worth $7,467,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Suntrust Banks Inc. bought a new position in Premier in the 2nd quarter worth about $276,000. Vanguard Group Inc. lifted its stake in Premier by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock valued at $156,447,000 after acquiring an additional 300,387 shares during the period. Reinhart Partners Inc. bought a new position in Premier during the 3rd quarter valued at about $1,727,000. Citadel Advisors LLC lifted its stake in Premier by 37.7% during the 2nd quarter. Citadel Advisors LLC now owns 1,193,181 shares of the company’s stock valued at $42,954,000 after acquiring an additional 326,899 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its stake in Premier by 2.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 316,600 shares of the company’s stock valued at $11,398,000 after acquiring an additional 7,020 shares during the period. Institutional investors own 38.31% of the company’s stock.

In other news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were 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 owns 180,550 shares of the company’s stock, valued at approximately $5,398,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.52% of the stock is owned by corporate insiders.

Several research firms have issued reports on PINC. Oppenheimer restated a “buy” rating and set a $40.00 target price on shares of Premier in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of Premier from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. SunTrust Banks lowered their target price on shares of Premier to $36.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Robert W. Baird restated a “buy” rating and set a $35.00 target price on shares of Premier in a research note on Friday, November 10th. Finally, KeyCorp restated a “buy” rating and set a $42.00 target price on shares of Premier in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.38.

Shares of Premier, Inc. (NASDAQ:PINC) opened at $29.55 on Tuesday. Premier, Inc. has a 52-week low of $27.16 and a 52-week high of $36.50. The company has a market cap of $4,155.86, a PE ratio of 16.64, a PEG ratio of 1.32 and a beta of 0.40.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Monday, November 6th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The business had revenue of $390.56 million for the quarter, compared to analysts’ expectations of $389.56 million. During the same period in the previous year, the company earned $0.41 EPS. Premier’s revenue for the quarter was up 24.7% compared to the same quarter last year. analysts predict that Premier, Inc. will post 1.87 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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