Primo Water Corporation (PRMW) Director Sells $160,453.80 in Stock
Primo Water Corporation (NASDAQ:PRMW) Director Malcolm Mcquilkin sold 13,714 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $11.70, for a total transaction of $160,453.80. Following the sale, the director now owns 101,246 shares in the company, valued at approximately $1,184,578.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Malcolm Mcquilkin also recently made the following trade(s):
- On Thursday, September 7th, Malcolm Mcquilkin sold 11,082 shares of Primo Water Corporation stock. The stock was sold at an average price of $11.86, for a total transaction of $131,432.52.
Primo Water Corporation (NASDAQ:PRMW) opened at 11.90 on Monday. The company has a 50-day moving average of $11.98 and a 200-day moving average of $12.64. The company’s market cap is $355.43 million. Primo Water Corporation has a 52 week low of $10.74 and a 52 week high of $15.39.
Primo Water Corporation (NASDAQ:PRMW) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Primo Water Corporation had a negative net margin of 11.15% and a negative return on equity of 42.49%. The company had revenue of $74.80 million for the quarter, compared to the consensus estimate of $73.20 million. During the same period in the previous year, the business earned $0.11 EPS. Primo Water Corporation’s revenue for the quarter was up 117.4% compared to the same quarter last year. On average, equities analysts expect that Primo Water Corporation will post ($0.31) EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Primo Water Corporation (PRMW) Director Sells $160,453.80 in Stock” was reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/09/18/primo-water-corporation-prmw-director-sells-160453-80-in-stock.html.
A number of brokerages recently issued reports on PRMW. Zacks Investment Research cut shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BMO Capital Markets reiterated a “market perform” rating on shares of Primo Water Corporation in a research note on Friday, June 9th. BidaskClub upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. ValuEngine upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $17.50 price target on shares of Primo Water Corporation in a research note on Sunday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.10.
Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its position in Primo Water Corporation by 110.3% during the first quarter. US Bancorp DE now owns 9,884 shares of the company’s stock valued at $135,000 after purchasing an additional 5,184 shares in the last quarter. HighTower Advisors LLC boosted its holdings in 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 acquiring an additional 300 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Primo Water Corporation in the first quarter worth about $147,000. Citadel Advisors LLC acquired a new stake in Primo Water Corporation in the first quarter worth about $156,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in Primo Water Corporation in the second quarter worth about $159,000. 63.05% of the stock is currently owned by institutional investors.
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).
Receive News & Ratings for Primo Water Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water Corporation and related companies with MarketBeat.com's FREE daily email newsletter.