Premier Inc (NASDAQ:PINC) CFO Craig S. Mckasson Sells 8,149 Shares

Premier Inc (NASDAQ:PINC) CFO Craig S. Mckasson sold 8,149 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $37.01, for a total transaction of $301,594.49. Following the completion of the transaction, the chief financial officer now directly owns 120,200 shares of the company’s stock, valued at approximately $4,448,602. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Craig S. Mckasson also recently made the following trade(s):

  • On Monday, August 26th, Craig S. Mckasson sold 3,013 shares of Premier stock. The shares were sold at an average price of $37.02, for a total transaction of $111,541.26.

PINC stock opened at $36.83 on Friday. The company has a fifty day moving average price of $33.35 and a 200-day moving average price of $36.33. The company has a market capitalization of $4.46 billion, a P/E ratio of 15.50, a PEG ratio of 1.48 and a beta of 0.34. Premier Inc has a 52-week low of $27.37 and a 52-week high of $42.00.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The firm had revenue of $302.40 million during the quarter, compared to the consensus estimate of $295.50 million. Premier had a net margin of 17.74% and a negative return on equity of 51.84%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, sell-side analysts expect that Premier Inc will post 2.66 earnings per share for the current year.

Several equities analysts recently commented on the stock. BidaskClub raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. Zacks Investment Research downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. UBS Group downgraded shares of Premier from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $38.00 in a research note on Thursday, October 31st. ValuEngine raised shares of Premier from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird downgraded shares of Premier from an “outperform” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Monday, November 11th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.00.

Several hedge funds have recently added to or reduced their stakes in PINC. CWM LLC raised its stake in shares of Premier by 160.3% during the third quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $36,000 after acquiring an additional 766 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Premier during the third quarter valued at $52,000. Financial Gravity Wealth Inc. raised its stake in shares of Premier by 401.7% during the second quarter. Financial Gravity Wealth Inc. now owns 2,067 shares of the company’s stock valued at $81,000 after acquiring an additional 1,655 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Premier by 11.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the company’s stock valued at $83,000 after acquiring an additional 297 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Premier during the second quarter valued at $100,000. 50.44% of the stock is owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for Premier (NASDAQ:PINC)

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