Van Berkom & Associates Inc. lifted its position in shares of Premier Inc (NASDAQ:PINC) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,118 shares of the company’s stock after buying an additional 3,692 shares during the period. Van Berkom & Associates Inc.’s holdings in Premier were worth $1,217,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc acquired a new position in shares of Premier during the second quarter worth about $204,000. Trexquant Investment LP acquired a new position in shares of Premier during the second quarter worth about $579,000. Riverhead Capital Management LLC boosted its position in shares of Premier by 13.1% during the second quarter. Riverhead Capital Management LLC now owns 17,200 shares of the company’s stock worth $673,000 after buying an additional 1,990 shares during the period. SG Americas Securities LLC acquired a new position in shares of Premier during the second quarter worth about $1,264,000. Finally, GAM Holding AG acquired a new position in shares of Premier during the first quarter worth about $1,498,000. 49.45% of the stock is owned by institutional investors.
NASDAQ PINC traded down $0.69 during trading hours on Tuesday, hitting $33.94. 1,218,579 shares of the company traded hands, compared to its average volume of 635,688. The business’s 50-day moving average is $36.85 and its 200-day moving average is $36.60. Premier Inc has a twelve month low of $31.31 and a twelve month high of $47.22. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.50 and a beta of 0.33.
Several research analysts have recently weighed in on PINC shares. Canaccord Genuity set a $36.00 price objective on Premier and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Guggenheim started coverage on Premier in a research report on Tuesday, June 18th. They set a “neutral” rating and a $41.00 price objective for the company. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a research report on Thursday, August 22nd. Finally, Credit Suisse Group reissued a “neutral” rating and set a $42.00 price target (down from $43.00) on shares of Premier in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Premier currently has a consensus rating of “Hold” and a consensus target price of $41.29.
In other Premier news, Director William E. Mayer sold 4,000 shares of the company’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 sale, the director now owns 13,763 shares in the company, valued at $515,424.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Alfred Hargraves sold 2,015 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $35.05, for a total value of $70,625.75. Following the completion of the sale, the senior vice president now owns 22,106 shares in the company, valued at approximately $774,815.30. The disclosure for this sale can be found here. Insiders have sold 11,315 shares of company stock valued at $416,586 over the last three months. Insiders own 18.30% of the company’s stock.
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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