Barings LLC Has $518,000 Holdings in Premier, Inc. (PINC)

Barings LLC cut its holdings in Premier, Inc. (NASDAQ:PINC) by 43.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,900 shares of the company’s stock after selling 12,300 shares during the period. Barings LLC’s holdings in Premier were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in shares of Premier by 101.5% during the third quarter. Wells Fargo & Company MN now owns 119,608 shares of the company’s stock worth $3,896,000 after purchasing an additional 60,257 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Premier by 570.8% during the third quarter. Schroder Investment Management Group now owns 123,910 shares of the company’s stock worth $4,049,000 after purchasing an additional 105,439 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Premier during the third quarter worth about $522,000. JPMorgan Chase & Co. grew its holdings in shares of Premier by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 2,380,922 shares of the company’s stock worth $77,808,000 after purchasing an additional 73,535 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Premier by 25.7% during the third quarter. Legal & General Group Plc now owns 23,788 shares of the company’s stock worth $775,000 after purchasing an additional 4,866 shares during the last quarter. Institutional investors own 38.31% of the company’s stock.

In related news, COO Michael J. Alkire sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $29.90, for a total transaction of $747,500.00. Following the transaction, the chief operating officer now owns 180,550 shares of the company’s stock, valued at $5,398,445. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 17.52% of the company’s stock.

PINC has been the topic of several research reports. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Premier in a report on Wednesday, August 9th. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a report on Friday, August 18th. William Blair reaffirmed an “ourperform” rating on shares of Premier in a report on Tuesday, August 22nd. Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a report on Tuesday, August 22nd. Finally, BidaskClub lowered Premier from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Premier has an average rating of “Hold” and a consensus price target of $38.38.

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

Premier (NASDAQ:PINC) last released 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 company had revenue of $390.56 million for the quarter, compared to analysts’ expectations of $389.56 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. analysts anticipate that Premier, Inc. will post 1.87 earnings per share for the current fiscal year.

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Premier Profile

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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