AQR Arbitrage LLC Increases Stock Holdings in Premier Financial Corp. (NASDAQ:PFC)

AQR Arbitrage LLC raised its position in shares of Premier Financial Corp. (NASDAQ:PFC) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 438,446 shares of the company’s stock after acquiring an additional 146,203 shares during the quarter. AQR Arbitrage LLC owned approximately 1.22% of Premier Financial worth $11,211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gardner Lewis Asset Management L P grew its stake in shares of Premier Financial by 298.4% in the 4th quarter. Gardner Lewis Asset Management L P now owns 586,567 shares of the company’s stock worth $14,999,000 after buying an additional 439,351 shares during the last quarter. ABC Arbitrage SA bought a new stake in Premier Financial in the fourth quarter worth $4,916,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Premier Financial in the fourth quarter worth $2,765,000. Assenagon Asset Management S.A. grew its stake in shares of Premier Financial by 32.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after acquiring an additional 94,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Premier Financial by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock valued at $52,233,000 after acquiring an additional 51,285 shares in the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.

Premier Financial Stock Performance

Shares of Premier Financial stock opened at $28.04 on Thursday. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year high of $29.64. The firm’s 50-day moving average is $28.03 and its 200 day moving average is $27.18. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93.

Premier Financial Company Profile

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.