Premier Inc (NASDAQ:PINC) CFO Craig S. Mckasson sold 8,149 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.01, for a total transaction of $301,594.49. Following the completion of the sale, the chief financial officer now directly owns 120,200 shares in the company, valued at $4,448,602. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Craig S. Mckasson also recently made the following trade(s):
- On Monday, August 26th, Craig S. Mckasson sold 3,013 shares of Premier stock. The shares were sold at an average price of $37.02, for a total transaction of $111,541.26.
Premier stock opened at $36.83 on Friday. The stock has a market cap of $4.46 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.48 and a beta of 0.34. Premier Inc has a twelve month low of $27.37 and a twelve month high of $42.00. The company’s 50-day moving average price is $33.35 and its two-hundred day moving average price is $36.33.
Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The firm had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $295.50 million. Premier had a net margin of 17.74% and a negative return on equity of 51.84%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. As a group, equities analysts forecast that Premier Inc will post 2.66 EPS for the current year.
A number of brokerages have recently issued reports on PINC. Jefferies Financial Group set a $43.00 target price on shares of Premier and gave the company a “buy” rating in a report on Thursday, September 26th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $42.00 target price (down from $43.00) on shares of Premier in a report on Tuesday, August 13th. ValuEngine raised shares of Premier from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group cut shares of Premier from a “buy” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $38.00 in a report on Thursday, October 31st. Finally, Zacks Investment Research cut shares of Premier from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Premier currently has an average rating of “Hold” and an average target price of $40.00.
Institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc bought a new position in Premier in the 2nd quarter valued at about $204,000. Trexquant Investment LP bought a new position in Premier in the 2nd quarter valued at about $579,000. Riverhead Capital Management LLC raised its holdings in Premier by 13.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 17,200 shares of the company’s stock valued at $673,000 after acquiring an additional 1,990 shares during the period. Adventist Health System Sunbelt Healthcare Corp bought a new position in Premier in the 3rd quarter valued at about $5,289,000. Finally, SG Americas Securities LLC bought a new position in Premier in the 2nd quarter valued at about $1,264,000. 50.44% of the stock is currently owned by hedge funds and other institutional investors.
Premier Company Profile
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company 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 and software-as-a-service informatics products.
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