SG Americas Securities LLC Trims Stake in Premier, Inc. (NASDAQ:PINC)

SG Americas Securities LLC trimmed its holdings in shares of Premier, Inc. (NASDAQ:PINC) by 78.0% during the 4th quarter, Holdings Channel reports. The fund owned 7,464 shares of the company’s stock after selling 26,431 shares during the period. SG Americas Securities LLC’s holdings in Premier were worth $158,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in shares of Premier in the 4th quarter worth approximately $628,000. Crossmark Global Holdings Inc. grew its stake in Premier by 44.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 90,752 shares of the company’s stock valued at $1,924,000 after purchasing an additional 27,960 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in Premier in the fourth quarter worth about $220,000. Kera Capital Partners Inc. purchased a new stake in shares of Premier during the fourth quarter valued at about $248,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Premier by 61,750.0% in the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock valued at $26,000 after buying an additional 1,235 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Premier Stock Performance

Shares of Premier stock opened at $18.76 on Monday. The business has a 50-day simple moving average of $21.60 and a 200-day simple moving average of $20.94. The company has a market cap of $1.80 billion, a PE ratio of -187.58 and a beta of 0.43. Premier, Inc. has a one year low of $17.95 and a one year high of $23.56.

Premier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, February 28th. Premier’s dividend payout ratio is presently -839.92%.

Analysts Set New Price Targets

PINC has been the topic of several research analyst reports. Canaccord Genuity Group dropped their target price on Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler dropped their target price on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays upped their price objective 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. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered their price target on shares of Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Ten equities research 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 Activity

In related news, Director John T. Bigalke sold 1,136 shares of the stock in a transaction 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 transaction, the director now owns 23,846 shares of the company’s stock, valued at $529,142.74. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.88, for a total value of $437,600.00. Following the sale, the chief operating officer now directly owns 111,707 shares of the company’s stock, valued at $2,444,149.16. This trade represents a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,425 shares of company stock worth $1,320,242. 0.96% of the stock is currently owned by corporate insiders.

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.