Tiverton Asset Management LLC trimmed its stake in shares of Premier Inc (NASDAQ:PINC) by 49.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,057 shares of the company’s stock after selling 8,761 shares during the quarter. Tiverton Asset Management LLC’s holdings in Premier were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in PINC. Dimensional Fund Advisors LP increased its stake in shares of Premier by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 888,445 shares of the company’s stock valued at $33,183,000 after acquiring an additional 64,158 shares during the period. Geode Capital Management LLC increased its position in shares of Premier by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 532,345 shares of the company’s stock valued at $19,883,000 after purchasing an additional 3,730 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Premier by 63.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,911 shares of the company’s stock valued at $1,066,000 after purchasing an additional 11,990 shares during the period. Systematic Financial Management LP raised its stake in shares of Premier by 21.5% in the 1st quarter. Systematic Financial Management LP now owns 36,160 shares of the company’s stock worth $1,247,000 after buying an additional 6,410 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Premier by 136.2% in the 1st quarter. Teacher Retirement System of Texas now owns 676,196 shares of the company’s stock worth $23,322,000 after buying an additional 389,971 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

In other Premier news, Director William E. Mayer sold 4,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $37.45, for a total transaction of $149,800.00. Following the sale, the director now directly owns 13,763 shares of the company’s stock, valued at approximately $515,424.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Alfred Hargraves sold 1,037 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $37.61, for a total transaction of $39,001.57. Following the sale, the senior vice president now directly owns 10,024 shares in the company, valued at $377,002.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,065 shares of company stock worth $370,969. Corporate insiders own 18.30% of the company’s stock.

Shares of PINC traded up $0.28 during trading hours on Wednesday, hitting $35.20. 13,042 shares of the company were exchanged, compared to its average volume of 540,801. The company has a market capitalization of $4.35 billion, a PE ratio of 15.51, a PEG ratio of 1.23 and a beta of 0.33. The firm has a fifty day simple moving average of $37.76 and a 200-day simple moving average of $36.64. Premier Inc has a one year low of $31.31 and a one year high of $47.22.

Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, August 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Premier had a negative return on equity of 29.70% and a net margin of 17.30%. The company had revenue of $316.20 million for the quarter, compared to analyst estimates of $426.69 million. During the same period last year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that Premier Inc will post 2.66 earnings per share for the current fiscal year.

Several analysts have recently weighed in on PINC shares. BidaskClub lowered Premier from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Credit Suisse Group reiterated a “neutral” rating and issued a $42.00 price target (down from $43.00) on shares of Premier in a research report on Tuesday, August 13th. Canaccord Genuity set a $36.00 price target on shares of Premier and gave the company a “hold” rating in a report on Wednesday, August 21st. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Premier in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Premier currently has an average rating of “Hold” and a consensus price target of $41.29.

About Premier

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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Institutional Ownership by Quarter for Premier (NASDAQ:PINC)

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