Premier, Inc. (NASDAQ:PINC) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC reduced its position in Premier, Inc. (NASDAQ:PINC - Free Report) by 57.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,438 shares of the company's stock after selling 171,945 shares during the quarter. Premier comprises approximately 1.3% of Carolina Wealth Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Carolina Wealth Advisors LLC owned about 0.12% of Premier worth $2,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Premier by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 14,213,088 shares of the company's stock worth $317,805,000 after acquiring an additional 199,702 shares during the period. Pacer Advisors Inc. increased its position in shares of Premier by 384.3% in the second quarter. Pacer Advisors Inc. now owns 6,311,089 shares of the company's stock valued at $117,828,000 after buying an additional 5,007,851 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Premier by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,951,043 shares of the company's stock worth $111,105,000 after buying an additional 773,207 shares during the period. American Century Companies Inc. raised its stake in shares of Premier by 60.4% during the 2nd quarter. American Century Companies Inc. now owns 2,051,578 shares of the company's stock worth $38,303,000 after buying an additional 772,392 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Premier by 6.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,590,926 shares of the company's stock valued at $29,241,000 after buying an additional 98,544 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Trading Down 1.9 %

Shares of PINC traded down $0.39 during mid-day trading on Monday, hitting $19.87. 905,005 shares of the company's stock were exchanged, compared to its average volume of 1,387,140. The firm has a market capitalization of $2.08 billion, a P/E ratio of 31.13, a P/E/G ratio of 9.13 and a beta of 0.41. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.01. The business's 50 day moving average is $19.89 and its two-hundred day moving average is $19.74.

Premier (NASDAQ:PINC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.25. The firm had revenue of $350.30 million for the quarter, compared to analyst estimates of $308.88 million. Premier had a net margin of 8.88% and a return on equity of 11.69%. Premier's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. On average, equities research analysts forecast that Premier, Inc. will post 1.04 earnings per share for the current year.

Premier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, August 30th. Premier's payout ratio is currently 131.25%.

Analysts Set New Price Targets

Several analysts recently commented on PINC shares. Robert W. Baird dropped their price target on Premier from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, August 21st. Benchmark cut Premier from a "buy" rating to a "hold" rating in a report on Monday, August 26th. StockNews.com downgraded Premier from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. Canaccord Genuity Group dropped their target price on Premier from $20.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday, September 9th. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.81.

Insider Buying and Selling at Premier

In other news, insider Andy Brailo sold 4,390 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $20.51, for a total transaction of $90,038.90. Following the completion of the transaction, the insider now directly owns 104,410 shares of the company's stock, valued at $2,141,449.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Premier news, CFO Craig S. Mckasson sold 10,000 shares of Premier stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the chief financial officer now owns 278,110 shares in the company, valued at $5,562,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andy Brailo sold 4,390 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $20.51, for a total transaction of $90,038.90. Following the transaction, the insider now owns 104,410 shares in the company, valued at approximately $2,141,449.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,587 shares of company stock valued at $3,484,750 over the last quarter. Corporate insiders own 0.85% of the company's stock.

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.