Premier (NASDAQ:PINC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina. “

A number of other research firms have also issued reports on PINC. Canaccord Genuity lowered shares of Premier from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Tuesday. They noted that the move was a valuation call. BidaskClub raised shares of Premier from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Leerink Swann began coverage on shares of Premier in a research note on Wednesday, June 27th. They set an “outperform” rating and a $45.00 target price for the company. ValuEngine raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Credit Suisse Group reduced their target price on shares of Premier from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, May 9th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $37.96.

Premier stock opened at $38.37 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.77 and a debt-to-equity ratio of -0.01. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.27 and a beta of 0.47. Premier has a 52-week low of $27.16 and a 52-week high of $38.99.

In other news, VP Kelli L. Price sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $35.00, for a total value of $140,000.00. Following the completion of the sale, the vice president now directly owns 18,678 shares of the company’s stock, valued at approximately $653,730. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 17.52% of the company’s stock.

Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Premier by 41.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,034 shares of the company’s stock worth $184,000 after acquiring an additional 1,477 shares during the period. NorthCoast Asset Management LLC lifted its stake in shares of Premier by 9.0% in the 2nd quarter. NorthCoast Asset Management LLC now owns 19,116 shares of the company’s stock worth $695,000 after acquiring an additional 1,574 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Premier by 34.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,280 shares of the company’s stock worth $227,000 after acquiring an additional 1,610 shares during the period. Rhumbline Advisers lifted its stake in shares of Premier by 2.9% in the 1st quarter. Rhumbline Advisers now owns 64,856 shares of the company’s stock worth $2,031,000 after acquiring an additional 1,853 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Premier by 0.4% in the 1st quarter. Northern Trust Corp now owns 434,860 shares of the company’s stock worth $13,616,000 after acquiring an additional 1,945 shares during the period. 45.04% of the stock is owned by 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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