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Shares of Premier (NASDAQ:PINC) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 547,495 shares, a decrease of 26.4% from the April 15th total of 743,688 shares, ARN reports. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 200,083 shares, the days-to-cover ratio is currently 2.7 days.

A number of research firms have recently commented on PINC. Analysts at Raymond James upgraded shares of Premier from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. Separately, analysts at Citigroup Inc. cut their price target on shares of Premier in a research note on Wednesday, May 14th. Finally, analysts at SunTrust cut their price target on shares of Premier from $40.00 to $35.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Premier presently has a consensus rating of “Buy” and an average price target of $33.33.

Premier (NASDAQ:PINC) opened at 28.46 on Wednesday. Premier has a 1-year low of $26.52 and a 1-year high of $38.87. The stock has a 50-day moving average of $30.46 and a 200-day moving average of $33.. The company’s market cap is $921.4 million.

Premier (NASDAQ:PINC) last released its earnings data on Monday, May 12th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $225.60 million for the quarter, compared to the consensus estimate of $219.16 million. Premier’s revenue was up .8% compared to the same quarter last year. Analysts expect that Premier will post $1.27 EPS for the current fiscal year.

Premier, Inc is a collaborative healthcare alliance of approximately 2,900 the United States community hospitals and 100,000 alternate sites.

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