As Premier (PINC) Valuation Rose, Guggenheim Capital Has Trimmed Holding; As Entercom Communications (ETM) Market Valuation Declined, Minerva Advisors Has Lifted Stake

May 17, 2018 - By Louis Casey

Premier, Inc. (NASDAQ:PINC) Logo

Guggenheim Capital Llc decreased its stake in Premier Inc (PINC) by 5.24% based on its latest 2017Q4 regulatory filing with the SEC. Guggenheim Capital Llc sold 16,173 shares as the company’s stock rose 6.44% while stock markets declined. The institutional investor held 292,278 shares of the consumer services company at the end of 2017Q4, valued at $8.53 million, down from 308,451 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Premier Inc for a number of months, seems to be less bullish one the $4.25 billion market cap company. The stock decreased 0.31% or $0.1 during the last trading session, reaching $31.96. About 489,036 shares traded. Premier, Inc. (NASDAQ:PINC) has risen 3.31% since May 17, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Minerva Advisors Llc increased its stake in Entercom Communications (ETM) by 73.58% based on its latest 2017Q4 regulatory filing with the SEC. Minerva Advisors Llc bought 112,487 shares as the company’s stock declined 16.30% with the market. The hedge fund held 265,360 shares of the broadcasting company at the end of 2017Q4, valued at $2.87M, up from 152,873 at the end of the previous reported quarter. Minerva Advisors Llc who had been investing in Entercom Communications for a number of months, seems to be bullish on the $1.10B market cap company. The stock increased 0.65% or $0.05 during the last trading session, reaching $7.8. About 2.05 million shares traded. Entercom Communications Corp. (NYSE:ETM) has declined 31.27% since May 17, 2017 and is downtrending. It has underperformed by 42.82% the S&P500.

Analysts await Premier, Inc. (NASDAQ:PINC) to report earnings on August, 20. They expect $0.61 EPS, up 52.50% or $0.21 from last year’s $0.4 per share. PINC’s profit will be $81.08M for 13.10 P/E if the $0.61 EPS becomes a reality. After $0.56 actual EPS reported by Premier, Inc. for the previous quarter, Wall Street now forecasts 8.93% EPS growth.

Among 18 analysts covering Premier (NASDAQ:PINC), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Premier had 44 analyst reports since August 25, 2015 according to SRatingsIntel. J.P. Morgan downgraded it to “Hold” rating and $30.0 target in Tuesday, December 19 report. The company was downgraded on Tuesday, December 19 by JP Morgan. The stock of Premier, Inc. (NASDAQ:PINC) has “In-Line” rating given on Tuesday, August 25 by Oppenheimer. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, June 1. The company was downgraded on Tuesday, August 23 by Evercore. As per Wednesday, May 9, the company rating was maintained by Credit Suisse. As per Monday, May 7, the company rating was maintained by Canaccord Genuity. Oppenheimer maintained the shares of PINC in report on Wednesday, October 7 with “Outperform” rating. Robert W. Baird maintained the stock with “Outperform” rating in Tuesday, August 23 report. The company was reinitiated on Friday, October 28 by JP Morgan.

Since February 8, 2018, it had 0 buys, and 5 insider sales for $1.82 million activity. 40,000 shares were sold by DeVore Susan D., worth $1.30M on Monday, February 26. 1,177 shares were sold by Anderson Leigh, worth $37,487 on Friday, March 23. $137,320 worth of stock was sold by Price Kelli L. on Wednesday, March 14. McKasson Craig S. also sold $215,563 worth of Premier, Inc. (NASDAQ:PINC) shares.

Investors sentiment decreased to 1.28 in 2017 Q4. Its down 0.44, from 1.72 in 2017Q3. It fall, as 25 investors sold PINC shares while 51 reduced holdings. 29 funds opened positions while 68 raised stakes. 55.58 million shares or 6.75% more from 52.07 million shares in 2017Q3 were reported. Great West Life Assurance Can stated it has 6,813 shares. Tower Rech Capital Limited Com (Trc) holds 67 shares. Great Lakes Advsr Ltd has 119,451 shares for 0.08% of their portfolio. Wealthtrust Axiom Ltd Liability holds 12,548 shares. Kennedy Capital Management, a Missouri-based fund reported 721,572 shares. Welch Capital Limited Liability has invested 2.04% in Premier, Inc. (NASDAQ:PINC). Deutsche Bankshares Ag holds 0.01% or 371,750 shares. Suntrust Banks Incorporated has invested 0.01% in Premier, Inc. (NASDAQ:PINC). Moreover, Stone Ridge Asset Limited Liability Company has 0.04% invested in Premier, Inc. (NASDAQ:PINC) for 23,046 shares. Clinton Group owns 83,399 shares. Cwm Ltd Liability Company has 0% invested in Premier, Inc. (NASDAQ:PINC). Advisory Services Networks Ltd stated it has 0% in Premier, Inc. (NASDAQ:PINC). Bokf Na owns 8,765 shares. Verition Fund Management Ltd Com reported 0.05% stake. Macquarie Gru Limited owns 61,250 shares.

Guggenheim Capital Llc, which manages about $25.60 billion and $42.21B US Long portfolio, upped its stake in Hilton Grand Vacations Inc by 7,324 shares to 52,809 shares, valued at $2.22M in 2017Q4, according to the filing. It also increased its holding in Ensco Plc (NYSE:ESV) by 136,114 shares in the quarter, for a total of 465,276 shares, and has risen its stake in Cyrusone Inc (NASDAQ:CONE).

Another recent and important Premier, Inc. (NASDAQ:PINC) news was published by Seekingalpha.com which published an article titled: “Premier (PINC) CEO Susan DeVore on Q3 2018 Results – Earnings Call Transcript” on May 08, 2018.

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 5 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Entercom Communications Corp. (NYSE:ETM) earned “Buy” rating by Noble Financial on Monday, July 24. The stock of Entercom Communications Corp. (NYSE:ETM) has “Outperform” rating given on Tuesday, August 18 by Wells Fargo. The company was maintained on Monday, July 31 by Noble Financial. The company was initiated on Friday, December 11 by Stephens. The stock of Entercom Communications Corp. (NYSE:ETM) has “Buy” rating given on Monday, November 27 by Noble Financial.

Investors sentiment increased to 7.95 in Q4 2017. Its up 6.45, from 1.5 in 2017Q3. It improved, as 9 investors sold ETM shares while 11 reduced holdings. 92 funds opened positions while 67 raised stakes. 222.30 million shares or 760.66% more from 25.83 million shares in 2017Q3 were reported. Livforsakringsbolaget Skandia Omsesidigt invested 0.01% in Entercom Communications Corp. (NYSE:ETM). Frontfour Group Limited Liability Co holds 0.44% of its portfolio in Entercom Communications Corp. (NYSE:ETM) for 150,987 shares. Plante Moran Fin Advsr Limited Liability Com has 0% invested in Entercom Communications Corp. (NYSE:ETM). Deutsche Financial Bank Ag stated it has 1.44M shares or 0.01% of all its holdings. 19,334 are held by Brinker Cap. Public Employees Retirement Association Of Colorado holds 10,149 shares or 0% of its portfolio. Emerald Advisers Inc Pa owns 854,887 shares. Fuller Thaler Asset Management, a California-based fund reported 208,093 shares. Act Ii Mngmt LP holds 0.25% or 35,344 shares. Point72 Asia (Hong Kong) Limited has 0.05% invested in Entercom Communications Corp. (NYSE:ETM). Principal Fincl Group accumulated 5.48 million shares or 0.05% of the stock. Levin Cap Strategies LP owns 24,787 shares or 0% of their US portfolio. Alpine Woods Investors Ltd Liability Company has 0.05% invested in Entercom Communications Corp. (NYSE:ETM). Blackrock invested in 8.32M shares. Wellington Management Gru Llp has 180,497 shares.

Since March 9, 2018, it had 9 insider purchases, and 0 selling transactions for $27.77 million activity.

Another recent and important Entercom Communications Corp. (NYSE:ETM) news was published by Seekingalpha.com which published an article titled: “Insiders Tuned Into Entercom” on April 21, 2018.

Premier, Inc. (NASDAQ:PINC) Institutional Positions Chart

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