Premier, Inc. $PINC Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of Premier, Inc. (NASDAQ:PINC) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 273,079 shares of the company’s stock after buying an additional 48,769 shares during the quarter. Advisors Asset Management Inc. owned about 0.33% of Premier worth $5,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of Premier by 198.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $25,000 after acquiring an additional 751 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Premier during the second quarter worth approximately $32,000. Signaturefd LLC raised its stake in Premier by 72.2% during the second quarter. Signaturefd LLC now owns 2,197 shares of the company’s stock worth $48,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Premier by 112.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,522 shares of the company’s stock valued at $55,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Premier by 2,172.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,932 shares of the company’s stock valued at $64,000 after purchasing an additional 2,803 shares during the last quarter. 74.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John T. Bigalke sold 1,137 shares of Premier stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $25.79, for a total transaction of $29,323.23. Following the sale, the director owned 27,536 shares of the company’s stock, valued at $710,153.44. The trade was a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andy Brailo sold 6,521 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $25.79, for a total transaction of $168,176.59. Following the completion of the transaction, the insider directly owned 99,447 shares of the company’s stock, valued at approximately $2,564,738.13. The trade was a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is currently owned by company insiders.

Premier Stock Performance

Premier stock opened at $28.26 on Thursday. The firm has a market capitalization of $2.33 billion, a PE ratio of -104.67 and a beta of 0.64. Premier, Inc. has a one year low of $17.23 and a one year high of $28.79. The stock’s 50 day moving average price is $27.97 and its 200 day moving average price is $24.90.

Premier (NASDAQ:PINC) last issued its quarterly earnings data on Tuesday, January 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Premier had a negative net margin of 3.28% and a positive return on equity of 6.84%. The company had revenue of ($713.06) million during the quarter. On average, analysts forecast that Premier, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PINC. Leerink Partners increased their target price on Premier from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 19th. Piper Sandler upped their price target on Premier from $28.00 to $28.25 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. UBS Group lifted their price objective on Premier from $26.00 to $28.25 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Robert W. Baird boosted their target price on Premier from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Finally, Canaccord Genuity Group increased their target price on shares of Premier from $25.00 to $28.25 and gave the stock a “hold” rating in a research report on Tuesday, September 23rd. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $26.46.

Premier Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.