River Road Asset Management LLC raised its stake in Premier Inc (NASDAQ:PINC) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,410,267 shares of the company’s stock after buying an additional 130,432 shares during the quarter. River Road Asset Management LLC owned approximately 1.01% of Premier worth $41,166,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in shares of Premier in the 4th quarter valued at $124,000. The Manufacturers Life Insurance Company lifted its stake in Premier by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after acquiring an additional 315 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 worth $173,000 after acquiring an additional 1,132 shares in the last quarter. Suntrust Banks Inc. acquired a new position in Premier during the 2nd quarter worth about $276,000. Finally, American Century Companies Inc. acquired a new position in Premier during the 4th quarter worth about $243,000. Institutional investors own 39.60% of the company’s stock.
Shares of Premier Inc (NASDAQ:PINC) opened at $31.44 on Thursday. Premier Inc has a 1 year low of $27.16 and a 1 year high of $36.50. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83. The firm has a market capitalization of $4,233.56, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50.
Several equities analysts recently issued reports on PINC shares. Robert W. Baird reissued a “buy” rating and set a $35.00 target price on shares of Premier in a research note on Friday, November 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $38.00 price target on shares of Premier in a research report on Thursday, February 8th. Benchmark started coverage on Premier in a research report on Thursday, February 8th. They issued a “buy” rating and a $40.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Premier in a research report on Tuesday, February 6th. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.71.
In other news, Director Stephen R. D’arcy sold 3,967 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $31.72, for a total value of $125,833.24. Following the completion of the sale, the director now directly owns 11,233 shares of the company’s stock, valued at approximately $356,310.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 17.52% of the stock is owned by company insiders.
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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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