Peregrine Capital Management LLC Has $5.41 Million Stock Holdings in Premier, Inc. (NASDAQ:PINC)

Peregrine Capital Management LLC decreased its holdings in Premier, Inc. (NASDAQ:PINC - Free Report) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,989 shares of the company's stock after selling 79,850 shares during the quarter. Peregrine Capital Management LLC owned about 0.20% of Premier worth $5,411,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Premier by 13.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,445,001 shares of the company's stock worth $32,310,000 after acquiring an additional 168,719 shares in the last quarter. Cubic Asset Management LLC purchased a new position in Premier in the fourth quarter worth $447,000. New York State Teachers Retirement System raised its position in Premier by 8.4% in the fourth quarter. New York State Teachers Retirement System now owns 31,760 shares of the company's stock worth $710,000 after acquiring an additional 2,460 shares in the last quarter. Advisors Preferred LLC purchased a new position in Premier in the fourth quarter worth $1,855,000. Finally, Global Retirement Partners LLC increased its position in shares of Premier by 153.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,583 shares of the company's stock valued at $35,000 after buying an additional 958 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PINC. Barclays began coverage on Premier in a research report on Wednesday, January 3rd. They issued an "equal weight" rating and a $22.00 price target for the company. StockNews.com cut Premier from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th. Leerink Partnrs restated a "market perform" rating on shares of Premier in a research report on Monday, February 26th. Finally, SVB Leerink began coverage on Premier in a research report on Monday, February 26th. They issued a "market perform" rating and a $22.50 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.15.

Premier Trading Up 0.2 %

NASDAQ:PINC traded up $0.04 during mid-day trading on Thursday, reaching $21.16. The company's stock had a trading volume of 1,085,964 shares, compared to its average volume of 1,606,675. The company's fifty day simple moving average is $21.34 and its two-hundred day simple moving average is $21.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.43 and a quick ratio of 1.32. Premier, Inc. has a twelve month low of $18.89 and a twelve month high of $33.58. The stock has a market cap of $2.54 billion, a P/E ratio of 15.22, a P/E/G ratio of 5.43 and a beta of 0.38.

Premier (NASDAQ:PINC - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. Premier had a return on equity of 11.60% and a net margin of 12.71%. The firm had revenue of $334.75 million for the quarter, compared to analyst estimates of $338.55 million. On average, equities analysts predict that Premier, Inc. will post 1.95 EPS for the current year.

Premier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.21 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.97%. Premier's dividend payout ratio (DPR) is 60.43%.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.