Capula Management Ltd Acquires Shares of 9,660 Premier, Inc. (NASDAQ:PINC)

Capula Management Ltd bought a new position in Premier, Inc. (NASDAQ:PINCFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,660 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its holdings in shares of Premier by 73.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,423,200 shares of the company’s stock worth $67,026,000 after buying an additional 1,028,558 shares during the last quarter. Norges Bank purchased a new stake in shares of Premier during the 4th quarter worth approximately $24,419,000. Invenomic Capital Management LP raised its holdings in shares of Premier by 368.7% in the 2nd quarter. Invenomic Capital Management LP now owns 829,742 shares of the company’s stock worth $22,951,000 after purchasing an additional 652,696 shares during the period. Principal Financial Group Inc. lifted its stake in Premier by 7,070.1% in the third quarter. Principal Financial Group Inc. now owns 633,188 shares of the company’s stock valued at $13,614,000 after purchasing an additional 624,357 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Premier by 105.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,152,674 shares of the company’s stock valued at $31,883,000 after purchasing an additional 591,201 shares during the period. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Premier Trading Down 0.7 %

Shares of NASDAQ PINC traded down $0.16 during midday trading on Friday, hitting $21.76. 1,214,315 shares of the company traded hands, compared to its average volume of 855,468. Premier, Inc. has a 12-month low of $18.89 and a 12-month high of $33.76. The firm has a market cap of $2.59 billion, a P/E ratio of 14.70, a P/E/G ratio of 5.78 and a beta of 0.39. The stock has a 50-day moving average price of $21.84 and a 200 day moving average price of $22.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.21 and a current ratio of 1.30.

Premier (NASDAQ:PINCGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.04. Premier had a net margin of 13.20% and a return on equity of 12.48%. The company had revenue of $318.75 million during the quarter, compared to analyst estimates of $303.43 million. As a group, analysts expect that Premier, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

PINC has been the topic of a number of recent research reports. Benchmark dropped their price target on shares of Premier from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Barclays began coverage on shares of Premier in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $22.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of Premier from $26.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, November 13th. Finally, StockNews.com upgraded shares of Premier from a “hold” rating to a “buy” rating in a report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Premier has an average rating of “Hold” and a consensus target price of $27.10.

Check Out Our Latest Research Report on PINC

About Premier

(Free Report)

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.

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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