Premier, Inc. $PINC Holdings Decreased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its stake in Premier, Inc. (NASDAQ:PINC) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,077 shares of the company’s stock after selling 30,954 shares during the quarter. Exchange Traded Concepts LLC owned about 0.09% of Premier worth $2,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PINC. First Horizon Advisors Inc. raised its position 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 buying an additional 751 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Premier in the second quarter valued at approximately $32,000. Signaturefd LLC increased its stake in shares of Premier by 72.2% during the second quarter. Signaturefd LLC now owns 2,197 shares of the company’s stock valued at $48,000 after acquiring an additional 921 shares during the period. GAMMA Investing LLC increased its stake in shares of Premier by 112.1% during the second quarter. GAMMA Investing LLC now owns 2,522 shares of the company’s stock valued at $55,000 after acquiring an additional 1,333 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Premier by 155.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,541 shares of the company’s stock worth $55,000 after purchasing an additional 1,545 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

Premier Stock Up 0.3%

NASDAQ:PINC opened at $28.26 on Friday. The stock has a fifty day simple moving average of $28.20 and a 200 day simple moving average of $25.65. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -104.67 and a beta of 0.64. Premier, Inc. has a 1-year low of $17.23 and a 1-year high of $28.79.

Premier (NASDAQ:PINC) last posted its quarterly earnings data on Tuesday, January 14th. The company reported $0.67 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. Equities analysts predict that Premier, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PINC. Canaccord Genuity Group increased their price target on Premier from $25.00 to $28.25 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler raised their target price on Premier from $28.00 to $28.25 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. UBS Group lifted their target price on Premier from $26.00 to $28.25 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Premier in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $26.46.

Premier Profile

Premier, Inc (NASDAQ: PINC) is a leading healthcare improvement company that unites an alliance of approximately 4,300 hospitals and health systems and more than 175,000 other providers and organizations. The company leverages data-driven insights, supply chain expertise and collaborative networks to help member institutions enhance clinical outcomes, streamline operations and reduce costs. Premier’s integrated platform supports providers throughout the care continuum, enabling them to respond to shifting regulatory requirements, patient needs and financial pressures.

Central to Premier’s offerings is its comprehensive suite of supply chain solutions, which includes group purchasing, sourcing and logistics services designed to optimize procurement processes.