Premier Inc (PINC) Holdings Trimmed by Citadel Advisors LLC

Citadel Advisors LLC lowered its holdings in shares of Premier Inc (NASDAQ:PINC) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,744 shares of the company’s stock after selling 101,293 shares during the period. Citadel Advisors LLC’s holdings in Premier were worth $29,241,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PINC. Alliancebernstein L.P. raised its stake in Premier by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 32,057 shares of the company’s stock valued at $1,154,000 after acquiring an additional 708 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Premier by 30.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock valued at $173,000 after acquiring an additional 1,132 shares in the last quarter. Northern Trust Corp raised its stake in Premier by 8.0% during the 2nd quarter. Northern Trust Corp now owns 413,978 shares of the company’s stock valued at $14,904,000 after acquiring an additional 30,637 shares in the last quarter. California Public Employees Retirement System raised its stake in Premier by 2.8% during the 2nd quarter. California Public Employees Retirement System now owns 105,900 shares of the company’s stock valued at $3,812,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Premier by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 351,667 shares of the company’s stock valued at $12,660,000 after acquiring an additional 13,225 shares in the last quarter. 39.60% of the stock is currently owned by hedge funds and other institutional investors.

Premier Inc (NASDAQ:PINC) opened at $31.82 on Monday. Premier Inc has a 1 year low of $27.16 and a 1 year high of $36.50. The stock has a market capitalization of $4,317.69, a price-to-earnings ratio of -9.76, a PEG ratio of 1.26 and a beta of 0.50. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The company had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $393.35 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. sell-side analysts predict that Premier Inc will post 2.11 earnings per share for the current year.

PINC has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $35.00 target price on shares of Premier in a research note on Friday, November 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $30.00 target price on shares of Premier in a research note on Tuesday, December 19th. Citigroup initiated coverage on Premier in a research note on Thursday, January 4th. They set a “neutral” rating on the stock. BidaskClub raised Premier from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, SunTrust Banks cut their target price on Premier to $36.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Premier has a consensus rating of “Buy” and a consensus price target of $36.71.

In other news, Director Stephen R. D’arcy sold 3,967 shares of Premier stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $31.72, for a total transaction of $125,833.24. Following the transaction, the director now directly owns 11,233 shares in the company, valued at approximately $356,310.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.52% of the stock is currently owned by company insiders.

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About Premier

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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