White Pine Capital LLC increased its holdings in Primo Water Corporation (NASDAQ:PRMW) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,315 shares of the company’s stock after purchasing an additional 21,550 shares during the quarter. White Pine Capital LLC owned approximately 0.42% of Primo Water Corporation worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE grew its stake in shares of Primo Water Corporation by 110.3% in the first quarter. US Bancorp DE now owns 9,884 shares of the company’s stock worth $135,000 after purchasing an additional 5,184 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Primo Water Corporation by 2.9% in the first quarter. HighTower Advisors LLC now owns 10,600 shares of the company’s stock worth $145,000 after purchasing an additional 300 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Primo Water Corporation in the first quarter worth about $147,000. Citadel Advisors LLC bought a new stake in shares of Primo Water Corporation in the first quarter worth about $156,000. Finally, Thompson Davis & CO. Inc. bought a new stake in shares of Primo Water Corporation in the second quarter worth about $159,000. 63.05% of the stock is currently owned by institutional investors.
In other Primo Water Corporation news, insider Camden Partners Strategic Fund sold 7,985 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $13.50, for a total value of $107,797.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Malcolm Mcquilkin sold 11,082 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $11.86, for a total transaction of $131,432.52. Following the completion of the transaction, the director now owns 126,042 shares in the company, valued at $1,494,858.12. The disclosure for this sale can be found here. Insiders sold a total of 1,019,067 shares of company stock worth $12,399,230 over the last 90 days. Insiders own 15.80% of the company’s stock.
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Primo Water Corporation (PRMW) traded down 0.08% during mid-day trading on Friday, hitting $11.79. The company had a trading volume of 106,742 shares. Primo Water Corporation has a 1-year low of $10.74 and a 1-year high of $15.39. The stock’s market capitalization is $352.14 million. The stock has a 50 day moving average price of $12.16 and a 200-day moving average price of $12.73.
Primo Water Corporation (NASDAQ:PRMW) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by $0.09. The firm had revenue of $74.80 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts forecast that Primo Water Corporation will post ($0.31) earnings per share for the current year.
Several analysts recently issued reports on PRMW shares. B. Riley reissued a “buy” rating and issued a $17.50 target price on shares of Primo Water Corporation in a research note on Monday, August 7th. ValuEngine raised Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research raised Primo Water Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Primo Water Corporation in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.10.
Primo Water Corporation 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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