Premier Financial Corp. (NASDAQ:PFC) Shares Acquired by Millennium Management LLC

Millennium Management LLC boosted its stake in Premier Financial Corp. (NASDAQ:PFC) by 73.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,384 shares of the company’s stock after buying an additional 32,292 shares during the period. Millennium Management LLC owned 0.21% of Premier Financial worth $1,953,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Gardner Lewis Asset Management L P lifted its stake in shares of Premier Financial by 298.4% in the 4th quarter. Gardner Lewis Asset Management L P now owns 586,567 shares of the company’s stock worth $14,999,000 after acquiring an additional 439,351 shares during the period. ABC Arbitrage SA bought a new stake in Premier Financial during the fourth quarter worth approximately $4,916,000. AQR Arbitrage LLC lifted its position in Premier Financial by 50.0% in the fourth quarter. AQR Arbitrage LLC now owns 438,446 shares of the company’s stock worth $11,211,000 after purchasing an additional 146,203 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Premier Financial during the 4th quarter valued at $2,765,000. Finally, Vanguard Group Inc. increased its position in shares of Premier Financial by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock valued at $52,233,000 after purchasing an additional 51,285 shares during the period. Institutional investors and hedge funds own 66.14% of the company’s stock.

Premier Financial Price Performance

PFC opened at $28.04 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market capitalization of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. The stock’s fifty day moving average is $28.04 and its 200-day moving average is $27.58. Premier Financial Corp. has a one year low of $18.63 and a one year high of $29.64.

Premier Financial Profile

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.