Cramer Rosenthal Mcglynn LLC grew its stake in shares of Premier, Inc. (NASDAQ:PINC) by 19.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 542,264 shares of the company’s stock after buying an additional 86,685 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.39% of Premier worth $17,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PINC. FMR LLC boosted its position in Premier by 2.1% during the 2nd quarter. FMR LLC now owns 7,763,382 shares of the company’s stock worth $279,482,000 after purchasing an additional 158,103 shares during the period. Vanguard Group Inc. boosted its position in Premier by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock worth $156,447,000 after purchasing an additional 300,387 shares during the period. TimesSquare Capital Management LLC boosted its position in Premier by 3.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,715,700 shares of the company’s stock worth $88,450,000 after purchasing an additional 98,600 shares during the period. JPMorgan Chase & Co. boosted its position in Premier by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,380,922 shares of the company’s stock worth $77,808,000 after purchasing an additional 73,535 shares during the period. Finally, Citadel Advisors LLC boosted its position in Premier by 37.7% during the 2nd quarter. Citadel Advisors LLC now owns 1,193,181 shares of the company’s stock worth $42,954,000 after purchasing an additional 326,899 shares during the period. 38.31% of the stock is owned by institutional investors.

PINC has been the subject of a number of research reports. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Premier in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. William Blair reaffirmed an “ourperform” rating on shares of Premier in a research report on Tuesday, August 22nd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a research report on Tuesday, August 22nd. Finally, BidaskClub cut shares of Premier from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.38.

Premier, Inc. (PINC) opened at $28.91 on Wednesday. The firm has a market cap of $4,070.73, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40. Premier, Inc. has a 12-month low of $27.16 and a 12-month high of $36.50.

Premier (NASDAQ:PINC) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The firm had revenue of $390.56 million during the quarter, compared to analysts’ expectations of $389.56 million. Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. analysts anticipate that Premier, Inc. will post 1.87 EPS for the current year.

In other Premier news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $29.90, for a total value of $747,500.00. Following the completion of the transaction, the chief operating officer now directly owns 180,550 shares of the company’s stock, valued at approximately $5,398,445. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.52% of the company’s stock.

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About Premier

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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