Counterpoint Mutual Funds LLC Decreases Stake in Perimeter Solutions, SA (NYSE:PRM)

Counterpoint Mutual Funds LLC decreased its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,135 shares of the company’s stock after selling 43,549 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Perimeter Solutions were worth $743,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Natixis Advisors LLC boosted its position in Perimeter Solutions by 5.9% during the third quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock worth $873,000 after acquiring an additional 3,595 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Perimeter Solutions by 2.6% in the third quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock valued at $1,874,000 after purchasing an additional 3,544 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Perimeter Solutions in the third quarter valued at approximately $324,000. Landscape Capital Management L.L.C. purchased a new position in Perimeter Solutions during the third quarter worth approximately $148,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Perimeter Solutions by 34.8% during the third quarter. The Manufacturers Life Insurance Company now owns 65,863 shares of the company’s stock worth $886,000 after buying an additional 17,009 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Stock Up 1.8 %

Shares of PRM opened at $9.20 on Monday. Perimeter Solutions, SA has a 52-week low of $6.01 and a 52-week high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $11.61 and a two-hundred day simple moving average of $12.38. The company has a market capitalization of $1.38 billion, a PE ratio of -65.67 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.21. The company had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.