Premier Inc (PINC) Holdings Reduced by Pembroke Management LTD

Pembroke Management LTD decreased its position in Premier Inc (NASDAQ:PINC) by 28.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 308,650 shares of the company’s stock after selling 122,450 shares during the period. Pembroke Management LTD owned about 0.24% of Premier worth $10,645,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PINC. Csenge Advisory Group acquired a new stake in shares of Premier in the 3rd quarter valued at $25,000. Cutler Group LP lifted its stake in shares of Premier by 98.0% in the 4th quarter. Cutler Group LP now owns 792 shares of the company’s stock valued at $29,000 after purchasing an additional 392 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Premier by 15.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,775 shares of the company’s stock valued at $141,000 after purchasing an additional 505 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Premier in the 3rd quarter valued at $203,000. Finally, HPM Partners LLC acquired a new stake in shares of Premier in the 3rd quarter valued at $216,000. 48.25% of the stock is owned by institutional investors.

In other news, insider Craig S. Mckasson sold 50,000 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $37.55, for a total transaction of $1,877,500.00. Following the transaction, the insider now owns 135,709 shares in the company, valued at approximately $5,095,872.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen R. D’arcy sold 3,733 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $36.90, for a total transaction of $137,747.70. Following the transaction, the director now owns 10,676 shares in the company, valued at approximately $393,944.40. The disclosure for this sale can be found here. Company insiders own 18.30% of the company’s stock.

Shares of PINC opened at $34.31 on Friday. The firm has a market capitalization of $4.44 billion, a P/E ratio of 15.05, a PEG ratio of 1.25 and a beta of 0.46. Premier Inc has a one year low of $28.81 and a one year high of $47.22.

Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.58 by $0.08. The firm had revenue of $421.86 million for the quarter, compared to the consensus estimate of $417.09 million. Premier had a net margin of 21.63% and a negative return on equity of 25.06%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. On average, analysts expect that Premier Inc will post 2.43 earnings per share for the current fiscal year.

Several research firms recently issued reports on PINC. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. UBS Group began coverage on shares of Premier in a research note on Thursday, January 17th. They issued a “buy” rating and a $45.00 price objective for the company. ValuEngine lowered shares of Premier from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. BidaskClub lowered shares of Premier from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 23rd. Finally, Leerink Swann lowered shares of Premier from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research note on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.82.

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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.

Further Reading: Asset Allocation

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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