Primo Water Corporation (NASDAQ:PRMW) Director Malcolm Mcquilkin sold 11,082 shares of Primo Water Corporation stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $11.86, for a total transaction of $131,432.52. Following the sale, the director now owns 126,042 shares in the company, valued at $1,494,858.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Primo Water Corporation (NASDAQ:PRMW) traded down 0.08% on Friday, reaching $11.79. The company had a trading volume of 106,742 shares. The company’s 50 day moving average price is $12.20 and its 200-day moving average price is $12.74. Primo Water Corporation has a 12 month low of $10.74 and a 12 month high of $15.39. The company’s market capitalization is $352.14 million.

Primo Water Corporation (NASDAQ:PRMW) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.09. Primo Water Corporation had a negative net margin of 11.15% and a negative return on equity of 42.49%. The firm had revenue of $74.80 million for the quarter, compared to analyst estimates of $73.20 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue was up 117.4% compared to the same quarter last year. On average, equities analysts predict that Primo Water Corporation will post ($0.31) earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Primo Water Corporation by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,045,252 shares of the company’s stock valued at $13,275,000 after acquiring an additional 44,864 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Primo Water Corporation by 10.5% during the first quarter. Renaissance Technologies LLC now owns 790,055 shares of the company’s stock valued at $10,729,000 after acquiring an additional 74,800 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Primo Water Corporation by 10.8% during the first quarter. Driehaus Capital Management LLC now owns 683,194 shares of the company’s stock valued at $9,278,000 after acquiring an additional 66,653 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Primo Water Corporation by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock valued at $8,908,000 after acquiring an additional 87,018 shares during the period. Finally, Elk Creek Partners LLC lifted its stake in shares of Primo Water Corporation by 16.7% during the second quarter. Elk Creek Partners LLC now owns 619,999 shares of the company’s stock valued at $7,874,000 after acquiring an additional 88,633 shares during the period. 63.05% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on PRMW. B. Riley restated a “buy” rating and set a $17.50 price objective on shares of Primo Water Corporation in a research note on Sunday, August 13th. Zacks Investment Research upgraded shares of Primo Water Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BMO Capital Markets restated a “market perform” rating on shares of Primo Water Corporation in a research note on Friday, June 9th. ValuEngine raised Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Primo Water Corporation currently has a consensus rating of “Hold” and an average price target of $17.10.

About Primo Water Corporation

Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

Insider Buying and Selling by Quarter for Primo Water Corporation (NASDAQ:PRMW)

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