Macquarie Group Ltd. reduced its holdings in shares of Premier Inc (NASDAQ:PINC) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,700 shares of the company’s stock after selling 12,300 shares during the period. Macquarie Group Ltd.’s holdings in Premier were worth $2,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PINC. Csenge Advisory Group purchased a new stake in shares of Premier in the 3rd quarter valued at approximately $25,000. Cutler Group LP increased its position in shares of Premier by 98.0% in the 4th quarter. Cutler Group LP now owns 792 shares of the company’s stock valued at $29,000 after purchasing an additional 392 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Premier by 15.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,775 shares of the company’s stock valued at $141,000 after purchasing an additional 505 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Premier in the 3rd quarter valued at approximately $203,000. Finally, HPM Partners LLC purchased a new stake in shares of Premier in the 3rd quarter valued at approximately $216,000. 48.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on PINC. BidaskClub downgraded shares of Premier from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 23rd. Zacks Investment Research upgraded shares of Premier from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine cut shares of Premier from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, UBS Group started coverage on shares of Premier in a report on Thursday, January 17th. They issued a “buy” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.60.

Shares of Premier stock opened at $34.75 on Wednesday. Premier Inc has a 12-month low of $28.81 and a 12-month high of $47.22. The firm has a market capitalization of $4.51 billion, a PE ratio of 49.64, a P/E/G ratio of 1.27 and a beta of 0.49.

Premier (NASDAQ:PINC) last issued 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 business had revenue of $421.86 million during the quarter, compared to analysts’ expectations of $417.09 million. During the same quarter in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Premier Inc will post 2.43 earnings per share for the current year.

In related news, insider Craig S. Mckasson sold 50,000 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $37.55, for a total transaction of $1,877,500.00. Following the completion of the sale, the insider now owns 135,709 shares in the company, valued at approximately $5,095,872.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen R. D’arcy sold 3,733 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $36.90, for a total transaction of $137,747.70. Following the sale, the director now owns 10,676 shares of the company’s stock, valued at approximately $393,944.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,550 shares of company stock valued at $2,887,406. Company insiders own 18.30% of the company’s stock.

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Premier 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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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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