XTX Topco Ltd Raises Holdings in Premier, Inc. (NASDAQ:PINC)

XTX Topco Ltd grew its stake in shares of Premier, Inc. (NASDAQ:PINC) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,697 shares of the company’s stock after purchasing an additional 18,902 shares during the quarter. XTX Topco Ltd owned 0.05% of Premier worth $1,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Premier by 28.0% in the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company’s stock valued at $43,000 after buying an additional 446 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position 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 buying an additional 478 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Premier by 157.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after purchasing an additional 786 shares during the period. Brooklyn Investment Group grew its stake 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 worth $26,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Premier by 40.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,371 shares of the company’s stock worth $93,000 after purchasing an additional 1,257 shares during the period. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Premier

In other Premier news, General Counsel David L. Klatsky sold 10,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $19.53, for a total value of $195,300.00. Following the completion of the sale, the general counsel now owns 90,597 shares in the company, valued at $1,769,359.41. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by company insiders.

Premier Price Performance

NASDAQ:PINC opened at $19.45 on Wednesday. The stock has a market capitalization of $1.78 billion, a PE ratio of -194.48 and a beta of 0.51. Premier, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $23.56. The business’s 50-day simple moving average is $18.65 and its 200-day simple moving average is $20.41.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 4.32%. Premier’s payout ratio is currently -840.00%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PINC shares. Canaccord Genuity Group lowered their price target on Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Robert W. Baird lowered their target price on shares of Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler cut their target price on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.17.

About Premier

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.