Peregrine Capital Management LLC boosted its holdings in shares of Premier Inc (NASDAQ:PINC) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,593 shares of the company’s stock after purchasing an additional 4,010 shares during the quarter. Peregrine Capital Management LLC’s holdings in Premier were worth $9,687,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sciencast Management LP bought a new position in shares of Premier in the second quarter worth about $507,000. First Quadrant L P CA purchased a new stake in Premier in the second quarter worth about $200,000. Raymond James & Associates lifted its stake in Premier by 8.3% in the second quarter. Raymond James & Associates now owns 770,874 shares of the company’s stock worth $26,426,000 after acquiring an additional 59,253 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Premier by 14.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,268 shares of the company’s stock worth $249,000 after acquiring an additional 916 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Premier by 672.0% in the second quarter. Nisa Investment Advisors LLC now owns 31,861 shares of the company’s stock worth $1,092,000 after acquiring an additional 27,734 shares during the period. 53.51% of the stock is currently owned by institutional investors.

NASDAQ:PINC traded up $0.27 during midday trading on Friday, hitting $34.97. The company’s stock had a trading volume of 338,324 shares, compared to its average volume of 318,687. Premier Inc has a fifty-two week low of $27.11 and a fifty-two week high of $40.01. The firm’s 50 day moving average is $33.50 and its 200-day moving average is $32.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.10 and a quick ratio of 1.03. The firm has a market cap of $4.26 billion, a P/E ratio of -3.33, a P/E/G ratio of 1.19 and a beta of 0.22.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Premier had a negative net margin of 1.72% and a negative return on equity of 103.03%. The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $312.77 million. During the same quarter in the prior year, the company earned $0.66 EPS. Premier’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, analysts forecast that Premier Inc will post 2.59 EPS for the current year.

PINC has been the subject of a number of research reports. Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Robert W. Baird increased their price target on shares of Premier from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. TheStreet raised shares of Premier from a “c+” rating to a “b-” rating in a research report on Tuesday, June 23rd. SunTrust Banks increased their price target on shares of Premier from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Finally, UBS Group decreased their price target on shares of Premier from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.45.

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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