Alliancebernstein Is Buying Premier Inc. (NASDAQ:PINC) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Premier Inc. (NASDAQ:PINC) reported that Alliancebernstein L.p.has picked up 2,778,047 of common stock as of 2016-12-09.

The acquisition brings the aggregate amount owned by Alliancebernstein L.p. to a total of 2,778,047 representing a 5.5% stake in the company.

For those not familiar with the company, Premier, Inc. 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.

A glance at Premier Inc. (NASDAQ:PINC)’s key stats reveals a current market capitalization of $4.43 billion based on 50.09 million shares outstanding and a price at last close of $30.93 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-08-25, D’arcy picked up 4,000 at a purchase price of $30.91.  This brings their total holding to 14,042 as of the date of the filing.

On the sell side, the most recent transaction saw Champion unload 7,108 shares at a sale price of $31.47. This brings their total holding to 29,862.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Premier Inc. (NASDAQ:PINC) as things move forward to see if its progress aligns with these transactions.

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