Investors are a little more bullish on shares of Premier, Inc. of late if you look at the change in short interest. The firm saw a fall in short interest of -15.03% as of the latest report on August 31, 2017. Short shares decreased from 3,219,411 to 2,735,556 over that period. Days to cover decreased from 7.0 to 6.0 and the percentage of shorted shares is 0.06% as of August 31.
There has been some selling insider activity on Premier, Inc. (NASDAQ:PINC) recently. Sr VP Leigh Anderson let go of 2,264 shares at an average price of $32.73 on August 30th. That brings Anderson’s holdings to $391,484 per an SEC filing yesterday. President & CEO Susan D. Devore disclosed the sale of 40,000 shares of PINC stock. The shares were sold on August 29th for an average price of $32.74. Devore now owns $13,527,382 of the stock according to the SEC filing.
These funds have shifted positions in (PINC). As of quarter end Douglas Lane & Associates, LLC had bought 89,495 shares growing its position 9.5%. The value of the investment in (PINC) went from $29,898,000 to $37,037,000 increasing 23.9% quarter over quarter. As of the end of the quarter Janus Capital Management LLC had disposed of a total of 253,090 shares trimming its stake by 20.5%. The value of the investment in Premier, Inc. decreased from $37,503,000 to $31,263,000 a change of $6,240,000 quarter to quarter.
As of quarter end Ahl Partners Llp had acquired 18,111 shares growing its holdings by 4.2%. The value of the company’s investment in Premier, Inc. increased from $13,659,000 to $16,100,000 a change of 17.9% for the reporting period. As of quarter end Bluecrest Capital Management Ltd had bought 29,369 shares growing its stake by 147.3%. The value of the investment in PINC went from $634,000 to $1,775,000 increasing 180.0% since the last quarter.
The company is trading down by 0.15% percent from yesterday’s close. Company shares last traded at $32.32 which is just under the 50 day moving average of $33.36 and which is a tad under the 200 day moving average of $33.71. The 50 day moving average was down $-1.04 and the 200 day average was down $-1.39.
Premier, Inc. currently has a P/E ratio of 21.40 and the market cap is 1.72B. In the latest earnings report the EPS was $1.51 and is expected to be $2.05 for the current year with 53,217,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.50 with next year’s EPS anticipated to be $2.23.
Premier, Inc., launched on May 14, 2013, is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services. The Company 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..