Premier, Inc. (PINC) Insider Craig S. Mckasson Sells 10,750 Shares
Premier, Inc. (NASDAQ:PINC) insider Craig S. Mckasson sold 10,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $33.55, for a total value of $360,662.50. Following the completion of the sale, the insider now directly owns 88,688 shares in the company, valued at $2,975,482.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Premier, Inc. (NASDAQ:PINC) traded down 0.53% during midday trading on Wednesday, reaching $33.47. The company’s stock had a trading volume of 644,797 shares. The company has a 50 day moving average price of $35.08 and a 200 day moving average price of $33.44. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 15.78 and a beta of 0.46. Premier, Inc. has a 1-year low of $28.27 and a 1-year high of $36.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in Premier by 1.1% in the first quarter. Wells Fargo & Company MN now owns 65,880 shares of the company’s stock valued at $2,096,000 after buying an additional 747 shares during the period. DUPONT CAPITAL MANAGEMENT Corp raised its position in Premier by 249.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 55,083 shares of the company’s stock valued at $1,753,000 after buying an additional 39,300 shares during the period. WealthTrust Axiom LLC bought a new position in Premier during the first quarter valued at approximately $538,000. Investment Counselors of Maryland LLC bought a new position in Premier during the first quarter valued at approximately $166,000. Finally, Punch & Associates Investment Management Inc. raised its position in Premier by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 75,540 shares of the company’s stock valued at $2,404,000 after buying an additional 425 shares during the period.
Several analysts have commented on the company. UBS AG reissued a “neutral” rating and issued a $35.00 price objective (up from $34.00) on shares of Premier in a report on Thursday, May 25th. Jefferies Group LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Premier in a report on Wednesday, August 9th. Zacks Investment Research lowered Premier from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub lowered Premier from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Bank of America Corporation lifted their price target on Premier from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.25.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider 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.
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