Clearbridge Investments LLC lessened its holdings in shares of Premier Inc (NASDAQ:PINC) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,968,175 shares of the company’s stock after selling 7,914 shares during the quarter. Clearbridge Investments LLC’s holdings in Premier were worth $57,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jefferies Group LLC boosted its stake in Premier by 101.4% during the 4th quarter. Jefferies Group LLC now owns 22,860 shares of the company’s stock worth $667,000 after purchasing an additional 11,509 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Premier by 7.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,907,500 shares of the company’s stock valued at $84,870,000 after acquiring an additional 191,800 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Premier during the 4th quarter valued at about $1,451,000. Aristotle Fund L.P. acquired a new position in shares of Premier during the 4th quarter valued at about $4,729,000. Finally, Kennedy Capital Management Inc. boosted its position in shares of Premier by 70.8% during the 4th quarter. Kennedy Capital Management Inc. now owns 721,572 shares of the company’s stock valued at $21,063,000 after acquiring an additional 299,073 shares during the last quarter. 42.91% of the stock is currently owned by institutional investors.

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Several research analysts have recently weighed in on PINC shares. SunTrust Banks reissued a “buy” rating and set a $38.00 price target on shares of Premier in a research report on Thursday, February 8th. Zacks Investment Research cut shares of Premier from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Benchmark started coverage on shares of Premier in a research report on Thursday, February 8th. They set a “buy” rating and a $40.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Premier in a research report on Tuesday, February 6th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.71.

In related news, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $31.72, for a total value of $125,833.24. Following the sale, 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 this link. Also, CEO Susan D. Devore sold 40,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.47, for a total transaction of $1,298,800.00. Following the completion of the sale, the chief executive officer now owns 373,176 shares in the company, valued at $12,117,024.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,217 shares of company stock worth $1,640,196. 17.52% of the stock is owned by insiders.

Shares of Premier Inc (PINC) opened at $34.40 on Wednesday. The stock has a market cap of $4,741.04, a PE ratio of -10.55, a P/E/G ratio of 1.34 and a beta of 0.45. Premier Inc has a fifty-two week low of $27.16 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of -0.01, a current ratio of 0.83 and a quick ratio of 0.71.

Premier (NASDAQ:PINC) last issued its quarterly earnings data 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. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $393.35 million. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. Premier’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. equities analysts predict that Premier Inc will post 2.11 earnings per share for the current year.

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Premier Profile

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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