Primo Water Corporation (NASDAQ:PRMW) CFO Mark Castaneda sold 6,200 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $13.45, for a total value of $83,390.00. Following the completion of the sale, the chief financial officer now owns 236,113 shares in the company, valued at approximately $3,175,719.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Castaneda also recently made the following trade(s):

  • On Friday, December 1st, Mark Castaneda sold 30,569 shares of Primo Water stock. The shares were sold at an average price of $13.00, for a total value of $397,397.00.

Shares of Primo Water Corporation (NASDAQ:PRMW) traded down $0.18 during mid-day trading on Friday, hitting $12.84. The company’s stock had a trading volume of 119,903 shares, compared to its average volume of 195,411. Primo Water Corporation has a 52-week low of $10.47 and a 52-week high of $15.39. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in shares of Primo Water by 23.0% during the 2nd quarter. US Bancorp DE now owns 12,159 shares of the company’s stock valued at $155,000 after acquiring an additional 2,275 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Primo Water during the 2nd quarter valued at $159,000. Teton Advisors Inc. acquired a new stake in shares of Primo Water during the 2nd quarter valued at $165,000. Nationwide Fund Advisors boosted its holdings in shares of Primo Water by 17.1% during the 2nd quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock valued at $182,000 after acquiring an additional 2,097 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Primo Water by 16.5% during the 2nd quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock valued at $182,000 after acquiring an additional 2,028 shares in the last quarter. 68.74% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $17.50 target price on shares of Primo Water in a research note on Sunday, August 13th. Zacks Investment Research lowered Primo Water from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine lowered Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Barrington Research increased their price target on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.10.

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About Primo Water

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 (NASDAQ:PRMW)

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