Primo Water Co. (NASDAQ:PRMW) Director Jack C. Kilgore acquired 1,120 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $13,440.00. Following the completion of the transaction, the director now directly owns 124,433 shares in the company, valued at approximately $1,493,196. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
PRMW opened at $12.20 on Friday. Primo Water Co. has a 52-week low of $10.47 and a 52-week high of $13.86. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 3.77. The stock has a market cap of $377.45, a price-to-earnings ratio of -43.57, a P/E/G ratio of 4.69 and a beta of -0.13.
Several large investors have recently modified their holdings of PRMW. Millennium Management LLC lifted its stake in shares of Primo Water by 224.6% in the 4th quarter. Millennium Management LLC now owns 891,838 shares of the company’s stock worth $11,210,000 after purchasing an additional 617,077 shares during the period. Legion Partners Asset Management LLC bought a new position in shares of Primo Water in the 4th quarter worth approximately $7,576,000. Northpointe Capital LLC bought a new position in shares of Primo Water in the 4th quarter worth approximately $4,895,000. North Fourth Asset Management LP bought a new position in shares of Primo Water in the 4th quarter worth approximately $4,292,000. Finally, Elk Creek Partners LLC lifted its stake in shares of Primo Water by 22.8% in the 3rd quarter. Elk Creek Partners LLC now owns 761,585 shares of the company’s stock worth $9,025,000 after purchasing an additional 141,586 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.
Several brokerages recently commented on PRMW. Barrington Research reissued a “buy” rating and set a $20.00 price objective on shares of Primo Water in a research report on Friday. BidaskClub raised shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, B. Riley set a $18.00 target price on shares of Primo Water and gave the company a “buy” rating in a research note on Monday, March 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.33.
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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).
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