Mackenzie Financial Corp Sells 132,356 Shares of Premier, Inc. (NASDAQ:PINC)

Mackenzie Financial Corp lowered its position in Premier, Inc. (NASDAQ:PINC) by 84.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,132 shares of the company’s stock after selling 132,356 shares during the period. Mackenzie Financial Corp’s holdings in Premier were worth $540,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Premier by 12.9% in the third quarter. Vanguard Group Inc. now owns 14,013,386 shares of the company’s stock valued at $301,288,000 after buying an additional 1,597,067 shares during the last quarter. Rhumbline Advisers raised its position in shares of Premier by 108.0% in the 3rd quarter. Rhumbline Advisers now owns 350,447 shares of the company’s stock valued at $7,535,000 after purchasing an additional 181,979 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Premier in the 3rd quarter worth approximately $1,712,000. Victory Capital Management Inc. grew its position in Premier by 984.9% during the 3rd quarter. Victory Capital Management Inc. now owns 518,964 shares of the company’s stock worth $11,158,000 after purchasing an additional 471,131 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Premier by 267.5% during the 3rd quarter. Citigroup Inc. now owns 174,010 shares of the company’s stock valued at $3,741,000 after purchasing an additional 126,662 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PINC shares. SVB Leerink started coverage on shares of Premier in a research note on Monday, February 26th. They set a “market perform” rating and a $22.50 price objective for the company. Barclays assumed coverage on Premier in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $22.00 price target for the company. Leerink Partnrs reissued a “market perform” rating on shares of Premier in a report on Monday, February 26th. Finally, StockNews.com downgraded Premier from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.15.

Premier Stock Up 0.7 %

Shares of PINC stock opened at $20.96 on Friday. Premier, Inc. has a twelve month low of $18.89 and a twelve month high of $33.58. The stock has a market cap of $2.51 billion, a P/E ratio of 15.08, a P/E/G ratio of 5.37 and a beta of 0.38. The stock has a 50 day moving average of $21.26 and a 200 day moving average of $21.18. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02.

Premier (NASDAQ:PINC) last posted its earnings results on Monday, February 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Premier had a net margin of 12.71% and a return on equity of 11.60%. The firm had revenue of $334.75 million during the quarter, compared to analyst estimates of $338.55 million. As a group, sell-side analysts expect that Premier, Inc. will post 1.95 EPS for the current year.

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.