Premier (PINC) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC reduced its stake in Premier (NASDAQ:PINC) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,113,617 shares of the company’s stock after selling 54,095 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Premier were worth $32,506,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates raised its position in shares of Premier by 12.5% in the 4th quarter. Raymond James & Associates now owns 281,072 shares of the company’s stock valued at $8,204,000 after purchasing an additional 31,256 shares during the last quarter. HBK Investments L P raised its position in shares of Premier by 169.1% in the 4th quarter. HBK Investments L P now owns 26,100 shares of the company’s stock valued at $762,000 after purchasing an additional 16,400 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Premier by 10.8% in the 4th quarter. California State Teachers Retirement System now owns 93,525 shares of the company’s stock valued at $2,730,000 after purchasing an additional 9,097 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Premier by 9.8% in the 4th quarter. Two Sigma Investments LP now owns 328,267 shares of the company’s stock valued at $9,582,000 after purchasing an additional 29,265 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Premier by 66.4% in the 4th quarter. Two Sigma Advisers LP now owns 327,743 shares of the company’s stock valued at $9,567,000 after purchasing an additional 130,738 shares during the last quarter. 42.91% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently commented on PINC shares. Oppenheimer reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Premier in a research report on Thursday, December 7th. Bank of America started coverage on shares of Premier in a report on Tuesday, February 27th. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Investment Research upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, January 10th. SunTrust Banks reiterated a “buy” rating and issued a $38.00 price target on shares of Premier in a report on Thursday, February 8th. Finally, Benchmark started 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.71.

In other news, Director Stephen R. D’arcy sold 3,967 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $31.72, for a total transaction of $125,833.24. Following the sale, the director now owns 11,233 shares of the company’s stock, valued at approximately $356,310.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kelli L. Price sold 4,000 shares of the firm’s stock in a transaction that occurred on 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. Insiders have sold a total of 54,217 shares of company stock worth $1,777,516 in the last ninety days. Corporate insiders own 17.52% of the company’s stock.

Premier stock opened at $31.22 on Friday. Premier 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. The firm has a market cap of $4,236.27, a P/E ratio of 17.15, a P/E/G ratio of 1.20 and a beta of 0.45.

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

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About Premier

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.

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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