Mission Wealth Management LP Has $276,000 Holdings in Premier, Inc. (NASDAQ:PINC)

Mission Wealth Management LP increased its position in shares of Premier, Inc. (NASDAQ:PINC) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,397 shares of the company’s stock after acquiring an additional 669 shares during the quarter. Mission Wealth Management LP’s holdings in Premier were worth $276,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Premier by 2.8% during the second quarter. Arizona State Retirement System now owns 16,040 shares of the company’s stock valued at $550,000 after acquiring an additional 443 shares during the period. Comerica Bank raised its holdings in shares of Premier by 6.9% during the second quarter. Comerica Bank now owns 8,902 shares of the company’s stock valued at $310,000 after acquiring an additional 574 shares during the period. Banque Cantonale Vaudoise raised its holdings in shares of Premier by 10.6% during the second quarter. Banque Cantonale Vaudoise now owns 8,393 shares of the company’s stock valued at $288,000 after acquiring an additional 806 shares during the period. US Bancorp DE raised its holdings in shares of Premier by 44.9% during the second quarter. US Bancorp DE now owns 2,829 shares of the company’s stock valued at $97,000 after acquiring an additional 877 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Premier during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

PINC has been the topic of a number of research analyst reports. SVB Leerink lowered their price objective on shares of Premier from $42.00 to $39.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Benchmark downgraded shares of Premier from a “buy” rating to a “hold” rating in a research report on Wednesday, August 26th. UBS Group lowered their price objective on shares of Premier from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, BidaskClub raised shares of Premier from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Premier currently has an average rating of “Hold” and a consensus target price of $37.45.

In related news, SVP David Alfred Hargraves sold 1,680 shares of the company’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $32.36, for a total transaction of $54,364.80. Following the completion of the sale, the senior vice president now directly owns 28,936 shares of the company’s stock, valued at approximately $936,368.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William E. Mayer sold 4,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $31.80, for a total transaction of $127,200.00. 17.67% of the stock is currently owned by corporate insiders.

NASDAQ PINC opened at $35.02 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $32.28 and a 200 day simple moving average of $33.02. The company has a market cap of $4.27 billion, a P/E ratio of -5.69, a P/E/G ratio of 1.38 and a beta of 0.20. Premier, Inc. has a 1 year low of $27.11 and a 1 year high of $39.70.

Premier (NASDAQ:PINC) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The firm had revenue of $342.70 million for the quarter, compared to the consensus estimate of $314.60 million. Premier had a negative return on equity of 475.26% and a negative net margin of 4.13%. Premier’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. Equities research analysts forecast that Premier, Inc. will post 2.06 EPS for the current fiscal year.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It 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.

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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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