Primo Water Co. (NASDAQ:PRMW) Director David L. Warnock Sells 1,917 Shares

Primo Water Co. (NASDAQ:PRMW) Director David L. Warnock sold 1,917 shares of Primo Water stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $12.32, for a total value of $23,617.44. Following the completion of the sale, the director now directly owns 25,157 shares in the company, valued at approximately $309,934.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Primo Water Co. (PRMW) opened at $13.10 on Friday. The firm has a market capitalization of $385.09, a P/E ratio of -18.99, a PEG ratio of 4.05 and a beta of -0.31. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99. Primo Water Co. has a 12-month low of $10.47 and a 12-month high of $15.39.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Granite Point Capital Management L.P. increased its position in shares of Primo Water by 233.3% during the 2nd quarter. Granite Point Capital Management L.P. now owns 50,000 shares of the company’s stock valued at $635,000 after purchasing an additional 35,000 shares during the last quarter. Royce & Associates LP increased its position in shares of Primo Water by 42.2% during the 2nd quarter. Royce & Associates LP now owns 226,900 shares of the company’s stock valued at $2,882,000 after purchasing an additional 67,300 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Primo Water by 13.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 447,192 shares of the company’s stock valued at $5,679,000 after purchasing an additional 51,504 shares during the last quarter. B. Riley Financial Inc. increased its position in shares of Primo Water by 137.9% during the 2nd quarter. B. Riley Financial Inc. now owns 84,375 shares of the company’s stock valued at $1,072,000 after purchasing an additional 48,907 shares during the last quarter. Finally, Argent Capital Management LLC purchased a new position in Primo Water during the 2nd quarter valued at $1,631,000. 68.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on PRMW. BidaskClub downgraded Primo Water from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Zacks Investment Research raised Primo Water from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday, November 10th. ValuEngine downgraded Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Primo Water in a research note on Wednesday, November 8th. Finally, Barrington Research boosted their target price on Primo Water from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Primo Water has a consensus rating of “Hold” and an average price target of $17.10.

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Primo Water 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).

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

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