The stock of Premier Inc (NASDAQ:PINC) is a huge mover today! About 818,113 shares traded hands or 36.89% up from the average. Premier Inc (NASDAQ:PINC) has declined 8.97% since April 5, 2016 and is downtrending. It has underperformed by 10.93% the S&P500.
The move comes after 5 months positive chart setup for the $4.07B company. It was reported on Nov, 8 by Barchart.com. We have $44.70 PT which if reached, will make NASDAQ:PINC worth $1.95 billion more.
Premier Inc (NASDAQ:PINC) Ratings Coverage
Out of 14 analysts covering Premier (NASDAQ:PINC), 10 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 71% are positive. Premier has been the topic of 22 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 6 by UBS. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, June 1. On Tuesday, August 25 the stock rating was maintained by William Blair with “Buy”. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, October 7. The stock of Premier Inc (NASDAQ:PINC) has “Buy” rating given on Tuesday, August 25 by Canaccord Genuity. The stock of Premier Inc (NASDAQ:PINC) earned “Overweight” rating by JP Morgan on Wednesday, October 7. As per Tuesday, August 25, the company rating was maintained by Oppenheimer. The firm has “Outperform” rating given on Wednesday, November 11 by Avondale. The company was initiated on Friday, August 5 by Credit Suisse. Bank of America downgraded Premier Inc (NASDAQ:PINC) on Monday, November 7 to “Underperform” rating.
According to Zacks Investment Research, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 1.94 in Q2 2016. Its up 0.43, from 1.51 in 2016Q1. The ratio is positive, as 13 funds sold all Premier Inc shares owned while 40 reduced positions. 32 funds bought stakes while 71 increased positions. They now own 46.38 million shares or 4.73% more from 44.29 million shares in 2016Q1.
The California-based Qualcomm Inc De has invested 0.43% in Premier Inc (NASDAQ:PINC). Mackenzie Corp, a Ontario – Canada-based fund reported 47,428 shares. Panagora Asset Management last reported 0% of its portfolio in the stock. Sei Com last reported 53,753 shares in the company. Manufacturers Life Insur The has 0% invested in the company for 4,072 shares. Finemark National Bank holds 0% or 40 shares in its portfolio. Alliancebernstein L P accumulated 6.08M shares or 0.17% of the stock. Numeric Lc accumulated 0% or 11,900 shares. Nordea Investment Management Ab has 14,630 shares for 0% of their US portfolio. Renaissance Techs Ltd Liability Corporation has 0.05% invested in the company for 836,900 shares. Jefferies Grp Inc Limited Liability last reported 6,458 shares in the company. Rhumbline Advisers last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Communication Na has 1.19M shares for 0.01% of their US portfolio. First Quadrant Limited Partnership Ca accumulated 0% or 302 shares. The Massachusetts-based Geode Capital Ltd Liability Co has invested 0.01% in Premier Inc (NASDAQ:PINC).
Insider Transactions: Since May 9, 2016, the stock had 1 insider purchase, and 2 sales for $780,049 net activity. $976,310 worth of Premier Inc (NASDAQ:PINC) was sold by Figlioli Keith J. on Monday, May 9. Shares for $123,640 were bought by D’ARCY STEPHEN R. on Thursday, August 25. 20,000 shares were sold by Gilbert Durral R., worth $680,000. The insider Champion R. Wesley sold 7,108 shares worth $223,689.
More important recent Premier Inc (NASDAQ:PINC) news were published by: Businesswire.com which released: “Premier Inc. Reports Fiscal 2017 First-Quarter Results” on November 07, 2016, also Businesswire.com published article titled: “Northern Arizona Healthcare Partners with Premier Inc. to Drive Greater …”, Businesswire.com published: “Premier Inc. Definitive Guide to MACRA will Help Providers Optimize Payments …” on November 02, 2016. More interesting news about Premier Inc (NASDAQ:PINC) was released by: Finance.Yahoo.com and their article: “Premier Inc. Plans To Settle October Class B Unit Exchange Using Combination …” with publication date: October 11, 2016.
PINC Company Profile
Premier, Inc., incorporated on May 14, 2013, is a healthcare improvement company. The Firm is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other well-known provider organizations to transform healthcare. The Firm operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services. The Firm plays a role in the healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.
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