Premier (PINC) Rating Reiterated by William Blair
A number of other analysts also recently commented on PINC. Zacks Investment Research raised shares of Premier from a hold rating to a buy rating and set a $33.00 price objective on the stock in a report on Wednesday, January 10th. Citigroup began coverage on shares of Premier in a report on Thursday, January 4th. They set a neutral rating on the stock. Evercore ISI began coverage on shares of Premier in a report on Thursday, January 18th. They set an in-line rating and a $33.50 price objective on the stock. JPMorgan Chase & Co. reissued a neutral rating and set a $30.00 price objective on shares of Premier in a report on Tuesday, December 19th. Finally, SunTrust Banks decreased their price objective on shares of Premier to $36.00 and set a buy rating on the stock in a report on Friday, November 17th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Premier has an average rating of Buy and an average price target of $36.35.
Premier (PINC) opened at $32.52 on Tuesday. Premier has a one year low of $27.16 and a one year high of $36.50. The stock has a market cap of $4,592.66, a PE ratio of -7.76, a PEG ratio of 1.42 and a beta of 0.50.
In other Premier news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $29.90, for a total value of $747,500.00. Following the sale, the chief operating officer now owns 180,550 shares of the company’s stock, valued at $5,398,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.52% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in PINC. APG Asset Management N.V. lifted its holdings in shares of Premier by 214.8% in the fourth quarter. APG Asset Management N.V. now owns 1,227,900 shares of the company’s stock valued at $29,849,000 after purchasing an additional 837,800 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Premier in the second quarter valued at about $25,285,000. Rice Hall James & Associates LLC lifted its holdings in shares of Premier by 83.0% in the fourth quarter. Rice Hall James & Associates LLC now owns 1,068,282 shares of the company’s stock valued at $31,183,000 after purchasing an additional 484,433 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Premier by 130.2% in the third quarter. First Trust Advisors LP now owns 658,789 shares of the company’s stock valued at $21,457,000 after purchasing an additional 372,650 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Premier in the fourth quarter valued at about $9,590,000. 39.52% of the stock is currently owned by institutional investors.
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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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