Aperio Group LLC boosted its position in shares of Premier, Inc. (NASDAQ:PINC) by 24.3% during the second quarter, Holdings Channel reports. The institutional investor owned 40,656 shares of the company’s stock after buying an additional 7,951 shares during the period. Aperio Group LLC’s holdings in Premier were worth $1,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PINC. Wells Fargo & Company MN raised its position in shares of Premier by 1.1% in the first quarter. Wells Fargo & Company MN now owns 65,880 shares of the company’s stock worth $2,096,000 after buying an additional 747 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Premier by 249.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 55,083 shares of the company’s stock worth $1,753,000 after buying an additional 39,300 shares during the last quarter. WealthTrust Axiom LLC bought a new position in shares of Premier during the first quarter worth $538,000. Investment Counselors of Maryland LLC bought a new position in shares of Premier during the first quarter worth $166,000. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Premier by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 75,540 shares of the company’s stock worth $2,404,000 after buying an additional 425 shares during the last quarter.

Shares of Premier, Inc. (NASDAQ:PINC) traded up 0.48% during midday trading on Friday, reaching $33.35. 623,601 shares of the company traded hands. The firm has a market capitalization of $1.73 billion, a PE ratio of 15.72 and a beta of 0.46. The company has a 50-day moving average of $35.18 and a 200 day moving average of $33.38. Premier, Inc. has a 12-month low of $28.27 and a 12-month high of $36.50.

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A number of equities analysts have recently commented on PINC shares. UBS AG restated a “neutral” rating and set a $35.00 price objective (up from $34.00) on shares of Premier in a research note on Thursday, May 25th. Jefferies Group LLC restated a “buy” rating and set a $40.00 price objective on shares of Premier in a research note on Wednesday. Zacks Investment Research downgraded shares of Premier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Premier from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Bank of America Corporation increased their price objective on shares of Premier from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $38.25.

In other news, CEO Susan D. Devore sold 40,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $35.24, for a total value of $1,409,600.00. Following the completion of the sale, the chief executive officer now owns 391,589 shares of the company’s stock, valued at approximately $13,799,596.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leigh Anderson sold 1,099 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $35.29, for a total transaction of $38,783.71. Following the completion of the sale, the senior vice president now directly owns 7,655 shares of the company’s stock, valued at approximately $270,144.95. The disclosure for this sale can be found here. Insiders sold a total of 184,710 shares of company stock valued at $6,490,663 in the last ninety days. 17.14% of the stock is owned by corporate insiders.

Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider 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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