Zacks Investment Research lowered shares of Premier (NASDAQ:PINC) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina. “

PINC has been the topic of several other reports. BidaskClub lowered Premier from a buy rating to a hold rating in a report on Wednesday, March 6th. Svb Leerink downgraded Premier from an outperform rating to a market perform rating in a research note on Wednesday, April 10th. Citigroup raised Premier from a neutral rating to a buy rating and set a $45.00 price target on the stock in a research note on Thursday, May 2nd. Finally, Leerink Swann downgraded Premier from an outperform rating to a market perform rating and set a $36.00 price target on the stock. in a research note on Wednesday, April 10th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Premier presently has a consensus rating of Hold and a consensus target price of $43.50.

PINC stock opened at $37.67 on Thursday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.32. Premier has a 1-year low of $31.31 and a 1-year high of $47.22.

Premier (NASDAQ:PINC) last posted its earnings results on Tuesday, May 7th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $422.90 million for the quarter, compared to analyst estimates of $432.94 million. Premier had a negative return on equity of 27.23% and a net margin of 21.50%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, equities analysts predict that Premier will post 2.45 EPS for the current year.

In related news, CFO Craig S. Mckasson sold 50,000 shares of Premier stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $37.54, for a total value of $1,877,000.00. Following the sale, the chief financial officer now owns 135,709 shares of the company’s stock, valued at $5,094,515.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in PINC. Brinker Capital Inc. boosted its holdings in shares of Premier by 5.5% during the fourth quarter. Brinker Capital Inc. now owns 27,641 shares of the company’s stock worth $1,032,000 after acquiring an additional 1,441 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Premier by 42.1% during the fourth quarter. Squarepoint Ops LLC now owns 26,092 shares of the company’s stock worth $975,000 after acquiring an additional 7,729 shares during the period. Reinhart Partners Inc. boosted its holdings in shares of Premier by 65.6% during the first quarter. Reinhart Partners Inc. now owns 162,450 shares of the company’s stock worth $5,603,000 after acquiring an additional 64,330 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Premier by 4,523.2% during the fourth quarter. Teacher Retirement System of Texas now owns 286,225 shares of the company’s stock worth $10,691,000 after acquiring an additional 280,034 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Premier by 33.0% during the fourth quarter. Jennison Associates LLC now owns 1,909,885 shares of the company’s stock worth $71,334,000 after acquiring an additional 473,990 shares during the period. 49.14% of the stock is currently owned by institutional investors and hedge funds.

About Premier

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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