HBK Investments L P Has $762,000 Holdings in Premier Inc (PINC)

HBK Investments L P raised its position in shares of Premier Inc (NASDAQ:PINC) by 169.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,100 shares of the company’s stock after acquiring an additional 16,400 shares during the period. HBK Investments L P’s holdings in Premier were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in Premier by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after acquiring an additional 315 shares during the last quarter. Amalgamated Bank increased its position in Premier by 17.5% during the fourth quarter. Amalgamated Bank now owns 10,970 shares of the company’s stock valued at $320,000 after acquiring an additional 1,631 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Premier by 5.7% during the third quarter. BNP Paribas Arbitrage SA now owns 37,935 shares of the company’s stock valued at $1,236,000 after acquiring an additional 2,048 shares during the last quarter. California Public Employees Retirement System increased its position in Premier by 2.5% during the fourth quarter. California Public Employees Retirement System now owns 113,854 shares of the company’s stock valued at $3,323,000 after acquiring an additional 2,743 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in Premier by 20.8% during the third quarter. Quantbot Technologies LP now owns 18,294 shares of the company’s stock valued at $595,000 after acquiring an additional 3,148 shares during the last quarter. Institutional investors and hedge funds own 42.91% of the company’s stock.

In related news, CEO Susan D. Devore sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 373,176 shares of the company’s stock, valued at $12,117,024.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kelli L. Price sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $34.33, for a total transaction of $137,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,217 shares of company stock valued at $1,777,516. 17.52% of the stock is owned by insiders.

PINC has been the topic of a number of analyst reports. SunTrust Banks reiterated a “buy” rating and set a $38.00 price objective 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 report on Wednesday, March 14th. Benchmark began coverage on shares of Premier in a report on Thursday, February 8th. They issued a “buy” rating and a $40.00 price target on the stock. William Blair restated an “outperform” rating on shares of Premier in a report on Tuesday, February 6th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Premier in a report on Wednesday, February 7th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.71.

PINC stock opened at $31.22 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of -0.01. The company has a market cap of $4,416.74, a PE ratio of -9.58, a PEG ratio of 1.25 and a beta of 0.45. Premier Inc has a 1-year low of $27.16 and a 1-year high of $36.50.

Premier (NASDAQ:PINC) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $393.35 million. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. research analysts predict that Premier Inc will post 2.11 EPS for the current year.

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Premier Company 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.

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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