Dark Forest Capital Management LP Has $202,000 Stock Holdings in Premier, Inc. (NASDAQ:PINC)

Dark Forest Capital Management LP reduced its stake in shares of Premier, Inc. (NASDAQ:PINCGet Rating) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,659 shares of the company’s stock after selling 522 shares during the quarter. Dark Forest Capital Management LP’s holdings in Premier were worth $202,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AGF Investments LLC grew its stake in Premier by 9.8% during the first quarter. AGF Investments LLC now owns 22,866 shares of the company’s stock worth $814,000 after buying an additional 2,032 shares in the last quarter. Nordea Investment Management AB grew its position in Premier by 29.3% in the second quarter. Nordea Investment Management AB now owns 237,609 shares of the company’s stock valued at $8,523,000 after acquiring an additional 53,905 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Premier by 0.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,152 shares of the company’s stock worth $2,426,000 after acquiring an additional 433 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Premier in the first quarter worth about $280,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Premier by 41.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 10,724 shares of the company’s stock valued at $383,000 after purchasing an additional 3,137 shares in the last quarter. Institutional investors own 68.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PINC. Credit Suisse Group upped their target price on Premier from $35.00 to $38.00 and gave the stock an “underperform” rating in a report on Wednesday, August 17th. Benchmark upped their price objective on Premier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. TheStreet downgraded shares of Premier from a “b” rating to a “c+” rating in a research report on Tuesday, September 13th. Raymond James decreased their price target on shares of Premier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Barclays reduced their price objective on shares of Premier to $33.00 in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.56.

Premier Trading Down 0.1 %

NASDAQ PINC opened at $33.40 on Friday. The stock has a market capitalization of $3.97 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.40 and a beta of 0.35. The business has a 50 day simple moving average of $33.12 and a 200 day simple moving average of $35.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.88 and a quick ratio of 0.73. Premier, Inc. has a one year low of $30.82 and a one year high of $41.72.

Premier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.51%. Premier’s dividend payout ratio is currently 54.19%.

About Premier

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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.

See Also

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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