SG Americas Securities LLC Has $158,000 Holdings in Premier, Inc. (NASDAQ:PINC)

SG Americas Securities LLC lessened its stake in Premier, Inc. (NASDAQ:PINC - Free Report) by 78.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,464 shares of the company's stock after selling 26,431 shares during the quarter. SG Americas Securities LLC's holdings in Premier were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PINC. Y Intercept Hong Kong Ltd raised its holdings in Premier by 2.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,409 shares of the company's stock valued at $408,000 after acquiring an additional 478 shares during the period. GAMMA Investing LLC grew its position in shares of Premier by 137.6% in the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company's stock valued at $27,000 after purchasing an additional 780 shares during the last quarter. Impact Partnership Wealth LLC increased its stake in shares of Premier by 7.1% during the third quarter. Impact Partnership Wealth LLC now owns 11,945 shares of the company's stock worth $239,000 after purchasing an additional 795 shares during the period. QRG Capital Management Inc. lifted its holdings in Premier by 6.7% during the 3rd quarter. QRG Capital Management Inc. now owns 18,657 shares of the company's stock worth $373,000 after purchasing an additional 1,171 shares during the last quarter. Finally, KBC Group NV boosted its stake in Premier by 40.9% in the 3rd quarter. KBC Group NV now owns 4,047 shares of the company's stock valued at $81,000 after purchasing an additional 1,174 shares during the period. 74.41% of the stock is owned by institutional investors.

Premier Stock Performance

Shares of NASDAQ PINC traded up $0.02 during trading hours on Thursday, hitting $18.04. 948,426 shares of the stock were exchanged, compared to its average volume of 1,349,584. Premier, Inc. has a 1-year low of $17.84 and a 1-year high of $23.56. The company has a market cap of $1.73 billion, a PE ratio of -180.38 and a beta of 0.43. The company's fifty day simple moving average is $21.28 and its two-hundred day simple moving average is $20.87.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.66%. Premier's payout ratio is -839.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PINC. Robert W. Baird lowered their price objective on Premier from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler lowered their price target on shares of Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group cut their price objective on shares of Premier from $21.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. StockNews.com lowered shares of Premier from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their price target on shares of Premier from $20.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.50.

Insider Transactions at Premier

In other news, COO Leigh Anderson sold 20,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.88, for a total value of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares in the company, valued at approximately $2,444,149.16. This represents a 15.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helen M. Boudreau sold 2,500 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $21.42, for a total value of $53,550.00. Following the sale, the director now directly owns 20,668 shares in the company, valued at approximately $442,708.56. This trade represents a 10.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,010 shares of company stock valued at $916,911. Corporate insiders own 0.96% of the company's stock.

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.