Primo Water Corporation (PRMW) Director Sells $160,453.80 in Stock
Primo Water Corporation (NASDAQ:PRMW) Director Malcolm Mcquilkin sold 13,714 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $11.70, for a total value of $160,453.80. Following the completion of the sale, the director now owns 101,246 shares in the company, valued at $1,184,578.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Malcolm Mcquilkin also recently made the following trade(s):
- On Thursday, September 7th, Malcolm Mcquilkin sold 11,082 shares of Primo Water Corporation stock. The shares were sold at an average price of $11.86, for a total value of $131,432.52.
Primo Water Corporation (NASDAQ:PRMW) traded up 1.71% during mid-day trading on Friday, hitting $11.90. The stock had a trading volume of 167,425 shares. The company has a 50 day moving average price of $12.02 and a 200 day moving average price of $12.65. Primo Water Corporation has a one year low of $10.74 and a one year high of $15.39. The stock’s market cap is $355.43 million.
Primo Water Corporation (NASDAQ:PRMW) last issued its earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The company had revenue of $74.80 million during the quarter, compared to analyst estimates of $73.20 million. Primo Water Corporation had a negative net margin of 11.15% and a negative return on equity of 42.49%. The business’s revenue for the quarter was up 117.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. On average, equities analysts anticipate that Primo Water Corporation will post ($0.31) EPS for the current year.
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A number of research firms have weighed in on PRMW. B. Riley restated a “buy” rating and issued a $17.50 price target on shares of Primo Water Corporation in a research note on Monday, August 7th. Zacks Investment Research cut Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine cut Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets restated a “market perform” rating on shares of Primo Water Corporation in a research note on Friday, June 9th. Finally, BidaskClub upgraded Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Primo Water Corporation presently has a consensus rating of “Hold” and a consensus price target of $17.10.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Primo Water Corporation by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,045,252 shares of the company’s stock worth $13,275,000 after acquiring an additional 44,864 shares during the period. Renaissance Technologies LLC raised its stake in Primo Water Corporation by 10.5% during the first quarter. Renaissance Technologies LLC now owns 790,055 shares of the company’s stock worth $10,729,000 after acquiring an additional 74,800 shares during the period. Driehaus Capital Management LLC raised its stake in Primo Water Corporation by 10.8% during the first quarter. Driehaus Capital Management LLC now owns 683,194 shares of the company’s stock worth $9,278,000 after acquiring an additional 66,653 shares during the period. Dimensional Fund Advisors LP raised its stake in Primo Water Corporation by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock worth $8,908,000 after acquiring an additional 87,018 shares during the period. Finally, Elk Creek Partners LLC raised its stake in Primo Water Corporation by 16.7% during the second quarter. Elk Creek Partners LLC now owns 619,999 shares of the company’s stock worth $7,874,000 after acquiring an additional 88,633 shares during the period. Hedge funds and other institutional investors own 63.05% of the company’s stock.
Primo Water Corporation Company Profile
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).
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