Mesirow Financial Investment Management Equity Management Has $9.99 Million Stake in Premier Inc (PINC)
Mesirow Financial Investment Management Equity Management lifted its holdings in shares of Premier Inc (NASDAQ:PINC) by 652.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 267,485 shares of the company’s stock after acquiring an additional 231,945 shares during the period. Premier accounts for approximately 1.3% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 26th biggest holding. Mesirow Financial Investment Management Equity Management’s holdings in Premier were worth $9,991,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of PINC. Csenge Advisory Group acquired a new stake in shares of Premier during the 3rd quarter valued at $25,000. CENTRAL TRUST Co lifted its position in shares of Premier by 15.4% during the 4th quarter. CENTRAL TRUST Co now owns 3,775 shares of the company’s stock valued at $141,000 after acquiring an additional 505 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Premier during the 3rd quarter valued at $203,000. Ibex Investors LLC acquired a new stake in Premier during the 3rd quarter valued at $215,000. Finally, HPM Partners LLC acquired a new stake in Premier during the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 41.74% of the company’s stock.
In other news, VP Kelli L. Price sold 18,000 shares of the company’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $38.02, for a total value of $684,360.00. Following the transaction, the vice president now directly owns 33,074 shares of the company’s stock, valued at $1,257,473.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leigh Anderson sold 11,381 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $40.00, for a total transaction of $455,240.00. Following the completion of the transaction, the insider now directly owns 20,032 shares in the company, valued at $801,280. The disclosure for this sale can be found here. Insiders sold 93,298 shares of company stock worth $3,556,271 over the last ninety days. 18.30% of the stock is currently owned by company insiders.
Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.08. Premier had a net margin of 21.63% and a negative return on equity of 25.06%. The company had revenue of $421.86 million for the quarter, compared to the consensus estimate of $417.09 million. During the same period in the previous year, the business earned $0.50 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Premier Inc will post 2.44 earnings per share for the current year.
PINC has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Premier in a research note on Thursday, January 17th. They set a “buy” rating and a $45.00 target price on the stock. Zacks Investment Research raised shares of Premier from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Wednesday, October 24th. Finally, ValuEngine downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Premier currently has a consensus rating of “Buy” and an average target price of $44.17.
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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.
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