ProShare Advisors LLC Lowers Stake in Premier Financial Corp. (NASDAQ:PFC)

ProShare Advisors LLC cut its stake in Premier Financial Corp. (NASDAQ:PFC) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,259 shares of the company’s stock after selling 15,883 shares during the period. ProShare Advisors LLC’s holdings in Premier Financial were worth $7,115,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gardner Lewis Asset Management L P boosted its position in Premier Financial by 298.4% in the 4th quarter. Gardner Lewis Asset Management L P now owns 586,567 shares of the company’s stock valued at $14,999,000 after buying an additional 439,351 shares during the period. ABC Arbitrage SA bought a new stake in shares of Premier Financial during the fourth quarter valued at approximately $4,916,000. AQR Arbitrage LLC raised its stake in shares of Premier Financial by 50.0% during the fourth quarter. AQR Arbitrage LLC now owns 438,446 shares of the company’s stock valued at $11,211,000 after acquiring an additional 146,203 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Premier Financial in the fourth quarter valued at approximately $2,765,000. Finally, Assenagon Asset Management S.A. increased its holdings in Premier Financial by 32.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after purchasing an additional 94,000 shares during the period. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Performance

PFC opened at $28.04 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $28.04 and its two-hundred day moving average is $27.52. The company has a market capitalization of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28. Premier Financial Corp. has a 52 week low of $18.63 and a 52 week high of $29.64.

Premier Financial Company Profile

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.