BidaskClub cut shares of Primo Water (NASDAQ:PRMW) from a hold rating to a sell rating in a research note issued to investors on Saturday.

PRMW has been the subject of several other research reports. Barrington Research upped their price objective on shares of Primo Water from $17.00 to $19.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of Primo Water from a buy rating to a hold rating in a research report on Saturday, November 11th. B. Riley reaffirmed a buy rating and set a $17.50 price objective on shares of Primo Water in a research report on Wednesday, November 8th. Finally, ValuEngine cut shares of Primo Water from a hold rating to a sell rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Primo Water presently has an average rating of Hold and a consensus target price of $17.10.

Shares of Primo Water (PRMW) opened at $12.92 on Friday. The stock has a market cap of $387.87, a PE ratio of -18.72, a PEG ratio of 3.97 and a beta of -0.31. Primo Water has a 52-week low of $10.47 and a 52-week high of $15.39. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.99 and a quick ratio of 0.82.

In other news, insider Camden Partners Strategic Fund sold 58,383 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $12.35, for a total value of $721,030.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Castaneda sold 6,200 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $13.45, for a total transaction of $83,390.00. Following the completion of the transaction, the chief financial officer now directly owns 236,113 shares of the company’s stock, valued at approximately $3,175,719.85. The disclosure for this sale can be found here. Insiders have sold 130,295 shares of company stock valued at $1,636,440 in the last ninety days. 15.80% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. bought a new position in shares of Primo Water in the second quarter worth about $159,000. Nationwide Fund Advisors lifted its holdings in shares of Primo Water by 17.1% in the second quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock worth $182,000 after acquiring an additional 2,097 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Primo Water by 16.5% in the second quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock worth $182,000 after acquiring an additional 2,028 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of Primo Water in the second quarter worth about $218,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Primo Water by 20.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,080 shares of the company’s stock worth $267,000 after acquiring an additional 3,625 shares during the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.

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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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