Wedge Capital Control L L P NC diminished its place in stocks of Premier, Inc. (NASDAQ:PINC – Unfastened File) via 55.7% right through the third quarter, Holdings Channel.com experiences. The company owned 50,878 stocks of the corporate’s inventory after promoting 64,097 stocks right through the quarter. Wedge Capital Control L L P NC’s holdings in Premier have been value $1,094,000 on the finish of the latest quarter.

A number of different hedge budget additionally not too long ago changed their holdings of PINC. Point72 Asset Control L.P. boosted its stake in stocks of Premier via 73.8% right through the second quarter. Point72 Asset Control L.P. now owns 2,423,200 stocks of the corporate’s inventory value $67,026,000 after buying an extra 1,028,558 stocks right through the remaining quarter. Norges Financial institution received a brand new stake in stocks of Premier right through the 4th quarter value about $24,419,000. Invenomic Capital Control LP boosted its stake in stocks of Premier via 368.7% right through the second quarter. Invenomic Capital Control LP now owns 829,742 stocks of the corporate’s inventory value $22,951,000 after buying an extra 652,696 stocks right through the remaining quarter. Citadel Washington Funding Advisors Inc. OH boosted its stake in stocks of Premier via 105.3% right through the second quarter. Citadel Washington Funding Advisors Inc. OH now owns 1,152,674 stocks of the corporate’s inventory value $31,883,000 after buying an extra 591,201 stocks right through the remaining quarter. After all, Segall Bryant & Hamill LLC received a brand new stake in stocks of Premier right through the second quarter value about $16,098,000. 66.85% of the inventory is owned via institutional buyers and hedge budget.

Premier Inventory Up 0.8 %

Stocks of NASDAQ:PINC opened at $22.75 on Monday. The corporate has a snappy ratio of one.21, a present ratio of one.30 and a debt-to-equity ratio of 0.03. Premier, Inc. has a 52-week low of $18.89 and a 52-week prime of $35.57. The corporate has a 50 day transferring reasonable of $20.54 and a two-hundred day transferring reasonable of $23.34. The corporate has a marketplace capitalization of $2.71 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of five.85 and a beta of 0.38.

Premier (NASDAQ:PINC – Get Unfastened File) remaining issued its quarterly revenue knowledge on Tuesday, November seventh. The corporate reported $0.50 revenue in line with proportion (EPS) for the quarter, beating the consensus estimate of $0.46 via $0.04. Premier had a web margin of 13.20% and a go back on fairness of 12.48%. The corporate had income of $318.75 million right through the quarter, in comparison to the consensus estimate of $303.43 million. As a bunch, analysts forecast that Premier, Inc. will publish 1.86 revenue in line with proportion for the present fiscal 12 months.

Premier Publicizes Dividend

The trade additionally not too long ago declared a quarterly dividend, which used to be paid on Friday, December fifteenth. Stockholders of report on Friday, December 1st got a dividend of $0.21 in line with proportion. This represents a $0.84 dividend on an annualized foundation and a dividend yield of three.69%. The ex-dividend date of this dividend used to be Thursday, November thirtieth. Premier’s payout ratio is these days 56.76%.

Wall Boulevard Analyst Weigh In

A number of analysis analysts have not too long ago weighed in on PINC stocks. StockNews.com upgraded stocks of Premier from a “cling” ranking to a “purchase” ranking in a document on Tuesday, December nineteenth. JPMorgan Chase & Co. lower their charge function on stocks of Premier from $26.00 to $21.00 and set a “impartial” ranking at the inventory in a document on Monday, November thirteenth. After all, Benchmark lower their charge function on stocks of Premier from $32.00 to $30.00 and set a “purchase” ranking at the inventory in a document on Thursday, November ninth. One funding analyst has rated the inventory with a promote ranking, six have given a cling ranking and 4 have given a purchase ranking to the corporate. According to knowledge from MarketBeat.com, the inventory has a consensus ranking of “Dangle” and a mean goal charge of $27.50.

Learn Our Newest Research on Premier

Premier Corporate Profile

(Unfastened File)

Premier, Inc, along with its subsidiaries, operates as a healthcare development corporate in america. It operates in two segments, Provide Chain Products and services and Efficiency Products and services. The Provide Chain Products and services section gives its individuals with an get entry to to a spread of services and products, together with clinical and surgical merchandise, prescribed drugs, laboratory provides, capital apparatus, data generation, amenities and development, and meals and dietary merchandise, in addition to bought products and services, similar to scientific engineering and personnel answers.

Additional Studying

Wish to see what different hedge budget are maintaining PINC? Seek advice from HoldingsChannel.com to get the newest 13F filings and insider trades for Premier, Inc. (NASDAQ:PINC – Unfastened File).

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