Jane Street Group LLC Purchases 59,295 Shares of Premier, Inc. (NASDAQ:PINC)

Jane Street Group LLC increased its position in Premier, Inc. (NASDAQ:PINC) by 70.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,803 shares of the company’s stock after acquiring an additional 59,295 shares during the period. Jane Street Group LLC owned about 0.14% of Premier worth $2,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Premier by 137.6% in the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after purchasing an additional 780 shares during the last quarter. Quarry LP raised its position in Premier by 576.7% in the 3rd quarter. Quarry LP now owns 2,179 shares of the company’s stock worth $44,000 after buying an additional 1,857 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Premier during the 2nd quarter valued at about $47,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Premier by 37.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,672 shares of the company’s stock valued at $50,000 after acquiring an additional 721 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Premier in the second quarter worth approximately $56,000. 74.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

PINC has been the topic of a number of research analyst reports. Benchmark downgraded shares of Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. StockNews.com downgraded Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Canaccord Genuity Group boosted their target price on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays increased their price target on shares of Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.36.

Insider Buying and Selling at Premier

In other news, Director John T. Bigalke sold 1,136 shares of Premier stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.19, for a total value of $25,207.84. Following the completion of the transaction, the director now owns 23,846 shares in the company, valued at approximately $529,142.74. The trade was a 4.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Leigh Anderson sold 20,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total value of $392,400.00. Following the sale, the chief operating officer now owns 131,707 shares in the company, valued at $2,584,091.34. The trade was a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,825 shares of company stock worth $1,980,442 over the last 90 days. 0.96% of the stock is owned by insiders.

Premier Trading Up 1.2 %

Shares of PINC opened at $21.76 on Friday. Premier, Inc. has a 12-month low of $17.95 and a 12-month high of $23.56. The company has a market capitalization of $2.09 billion, a PE ratio of 16.00 and a beta of 0.42. The business’s 50 day moving average is $21.59 and its 200 day moving average is $20.23.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. Premier had a net margin of 11.41% and a return on equity of 10.74%. The business had revenue of $248.14 million during the quarter, compared to the consensus estimate of $232.85 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue was down 7.8% on a year-over-year basis. Equities research analysts predict that Premier, Inc. will post 1.09 earnings per share for the current year.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, November 29th. Premier’s payout ratio is 61.76%.

Premier 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.