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.

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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).

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

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