Primo Water Corporation (PRMW) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Primo Water Corporation (NASDAQ:PRMW) by 15.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,057 shares of the company’s stock after buying an additional 87,018 shares during the period. Dimensional Fund Advisors LP owned 2.22% of Primo Water Corporation worth $8,908,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE raised its stake in 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 buying an additional 5,184 shares during the period. SG Americas Securities LLC acquired a new stake in Primo Water Corporation during the first quarter worth about $147,000. Cornerstone Capital Management Holdings LLC. raised its stake in Primo Water Corporation by 166.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 12,800 shares of the company’s stock worth $173,000 after buying an additional 8,000 shares during the period. American International Group Inc. raised its stake in Primo Water Corporation by 7.5% in the first quarter. American International Group Inc. now owns 13,052 shares of the company’s stock worth $177,000 after buying an additional 910 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in Primo Water Corporation by 15.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,105 shares of the company’s stock worth $198,000 after buying an additional 2,189 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Primo Water Corporation (NASDAQ:PRMW) traded down 0.34% during mid-day trading on Tuesday, hitting $11.85. The stock had a trading volume of 34,162 shares. The stock has a 50 day moving average of $12.54 and a 200-day moving average of $13.00. Primo Water Corporation has a 52 week low of $10.74 and a 52 week high of $15.39. The stock’s market capitalization is $353.94 million.

Primo Water Corporation (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ 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 firm’s revenue for the quarter was up 117.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts predict that Primo Water Corporation will post ($0.31) earnings per share for the current year.

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A number of analysts have issued reports on the company. ValuEngine raised Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of Primo Water Corporation in a report on Monday, August 7th. BidaskClub raised Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research lowered Primo Water Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, May 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Primo Water Corporation in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Primo Water Corporation has a consensus rating of “Hold” and a consensus target price of $17.10.

In other Primo Water Corporation news, insider Billy D. Prim sold 1,000,000 shares of Primo Water Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $12.16, for a total value of $12,160,000.00. Following the sale, the insider now directly owns 1,980,927 shares in the company, valued at approximately $24,088,072.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Camden Partners Strategic Fund sold 7,985 shares of Primo Water Corporation stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $13.50, for a total transaction of $107,797.50. The disclosure for this sale can be found here. 15.80% of the stock is owned by company insiders.

Primo Water Corporation 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).

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