Premier, Inc. (PINC) Insider Craig S. Mckasson Sells 10,750 Shares
Premier, Inc. (NASDAQ:PINC) insider Craig S. Mckasson sold 10,750 shares of Premier stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $33.55, for a total value of $360,662.50. Following the completion of the transaction, the insider now owns 88,688 shares of the company’s stock, valued at $2,975,482.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Premier, Inc. (NASDAQ:PINC) traded down 0.53% during midday trading on Wednesday, reaching $33.47. The company had a trading volume of 644,797 shares. The firm’s 50 day moving average price is $35.08 and its 200-day moving average price is $33.44. Premier, Inc. has a 12 month low of $28.27 and a 12 month high of $36.50. The company has a market capitalization of $1.73 billion, a P/E ratio of 15.78 and a beta of 0.46.
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Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Premier during the fourth quarter valued at $11,830,000. Wells Fargo & Company MN raised its position in shares of Premier by 1.1% in the first quarter. Wells Fargo & Company MN now owns 65,880 shares of the company’s stock valued at $2,096,000 after buying an additional 747 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Premier by 80.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 321,215 shares of the company’s stock valued at $10,224,000 after buying an additional 142,741 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Premier by 1.0% in the first quarter. TimesSquare Capital Management LLC now owns 2,638,000 shares of the company’s stock valued at $83,968,000 after buying an additional 27,300 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Premier during the first quarter valued at $4,750,000.
A number of equities analysts recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Premier in a research note on Wednesday, August 9th. BidaskClub downgraded Premier from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Premier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Bank of America Corporation lifted their price target on Premier from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, UBS AG reiterated a “neutral” rating and issued a $35.00 price target (up from $34.00) on shares of Premier in a research note on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $38.25.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider 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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