Chicago Capital LLC Acquires New Position in Premier Inc (PINC)

Chicago Capital LLC acquired a new position in shares of Premier Inc (NASDAQ:PINC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,055 shares of the company’s stock, valued at approximately $5,011,000. Chicago Capital LLC owned about 0.12% of Premier at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Amalgamated Bank grew its stake in Premier by 17.5% during the fourth quarter. Amalgamated Bank now owns 10,970 shares of the company’s stock worth $320,000 after buying an additional 1,631 shares during the last quarter. Rhumbline Advisers grew its stake in Premier by 2.9% during the first quarter. Rhumbline Advisers now owns 64,856 shares of the company’s stock worth $2,031,000 after buying an additional 1,853 shares during the last quarter. Aperio Group LLC grew its stake in Premier by 12.0% during the first quarter. Aperio Group LLC now owns 18,135 shares of the company’s stock worth $568,000 after buying an additional 1,945 shares during the last quarter. Northern Trust Corp grew its stake in Premier by 0.4% during the first quarter. Northern Trust Corp now owns 434,860 shares of the company’s stock worth $13,616,000 after buying an additional 1,945 shares during the last quarter. Finally, BB&T Securities LLC grew its stake in Premier by 9.1% during the fourth quarter. BB&T Securities LLC now owns 25,606 shares of the company’s stock worth $747,000 after buying an additional 2,130 shares during the last quarter. 41.88% of the stock is currently owned by hedge funds and other institutional investors.

In other Premier news, CEO Susan D. Devore sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.47, for a total value of $1,298,800.00. Following the transaction, the chief executive officer now directly owns 373,176 shares of the company’s stock, valued at $12,117,024.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Craig S. Mckasson sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $31.87, for a total transaction of $199,187.50. Following the completion of the transaction, the insider now directly owns 73,841 shares in the company, valued at $2,353,312.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,677 shares of company stock worth $1,888,357. Insiders own 17.52% of the company’s stock.

Several analysts have recently commented on PINC shares. Bank of America started coverage on shares of Premier in a research note on Tuesday, February 27th. They set a “buy” rating and a $39.00 price target on the stock. SunTrust Banks reissued a “buy” rating and set a $38.00 price target on shares of Premier in a research note on Thursday, February 8th. Benchmark started coverage on shares of Premier in a research note on Thursday, February 8th. They set a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Premier from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Friday, May 11th. Finally, BidaskClub raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.96.

Shares of Premier opened at $32.17 on Tuesday, Marketbeat.com reports. Premier Inc has a 52-week low of $27.16 and a 52-week high of $36.50. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.24 and a beta of 0.48. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of -0.01.

Premier (NASDAQ:PINC) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Premier had a net margin of 23.33% and a negative return on equity of 21.96%. The firm had revenue of $425.30 million for the quarter, compared to analysts’ expectations of $408.06 million. During the same period last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts anticipate that Premier Inc will post 2.1 earnings per share for the current year.

Premier Company Profile

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.

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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