Teachers Advisors LLC Acquires 64,913 Shares of Premier Inc (PINC)
Teachers Advisors LLC lifted its holdings in shares of Premier Inc (NASDAQ:PINC) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,882 shares of the company’s stock after acquiring an additional 64,913 shares during the quarter. Teachers Advisors LLC owned about 1.14% of Premier worth $21,164,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in Premier by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 15,462 shares of the company’s stock worth $557,000 after buying an additional 40 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Premier by 1.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock worth $161,000 after buying an additional 72 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Premier by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the company’s stock worth $117,000 after buying an additional 149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Premier by 13.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,185 shares of the company’s stock worth $115,000 after buying an additional 384 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Premier by 2.3% in the 2nd quarter. Alliancebernstein L.P. now owns 32,057 shares of the company’s stock worth $1,154,000 after buying an additional 708 shares in the last quarter. Institutional investors and hedge funds own 37.75% of the company’s stock.
Shares of Premier Inc (NASDAQ PINC) opened at 31.98 on Monday. The stock has a 50 day moving average of $33.36 and a 200 day moving average of $33.71. Premier Inc has a 52-week low of $28.27 and a 52-week high of $36.50. The company has a market cap of $1.70 billion, a P/E ratio of 21.18 and a beta of 0.47.
Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, August 21st. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $403.10 million for the quarter, compared to analysts’ expectations of $400.45 million. During the same period in the previous year, the business posted $0.36 earnings per share. Premier’s revenue for the quarter was up 33.7% on a year-over-year basis. On average, equities analysts anticipate that Premier Inc will post $2.05 earnings per share for the current fiscal year.
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A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Premier from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub lowered shares of Premier from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Premier in a report on Wednesday, August 9th. William Blair reiterated an “ourperform” rating on shares of Premier in a report on Tuesday, August 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Premier presently has a consensus rating of “Hold” and a consensus price target of $38.43.
In other news, insider Craig S. Mckasson sold 10,750 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $33.55, for a total transaction of $360,662.50. Following the completion of the transaction, the insider now directly owns 88,688 shares of the company’s stock, valued at approximately $2,975,482.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Leigh Anderson sold 2,264 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $32.73, for a total transaction of $74,100.72. Following the transaction, the senior vice president now directly owns 14,654 shares of the company’s stock, valued at $479,625.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,014 shares of company stock valued at $2,575,863. Insiders own 17.14% of the company’s stock.
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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