November 23, 2016 - By whatsonthorold
director, David Warnock is the Primo Water Corp’s insider who unloaded shares of Primo Water Corp, 15,541 to be exact. The sold shares were based on a market price per share of $13.5, with David Warnock’s transaction worth approx. $210,114 US Dollars. These insider shares were sold on November 23, 2016 and the document that contains the legal information, filed with the Security and Exchange Commission can be accessed here. David Warnock today holds 113,401 shares or 0.44% of Primo Water Corp’s market cap.
Out of 2 analysts covering Primo Water (NASDAQ:PRMW), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $15 is the highest target while $7.25 is the lowest. The $11 average target is -17.36% below today’s ($13.31) stock price. Primo Water has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Barrington Research on Tuesday, October 11. The company was upgraded on Wednesday, August 5 by Zacks. Barrington Research upgraded the stock to “Outperform” rating in Tuesday, December 29 report. The company was downgraded on Friday, October 30 by Barrington Research.
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.88, from 2 in 2016Q1. The ratio dived, as 10 funds sold all Primo Water Corporation shares owned while 22 reduced positions. 27 funds bought stakes while 37 increased positions. They now own 16.09 million shares or 11.61% more from 14.42 million shares in 2016Q1.
The Illinois-based Hightower Advsr Ltd Liability Corporation has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Next Century Growth Invsts Ltd Liability last reported 0.18% of its portfolio in the stock. Bnp Paribas Arbitrage Sa accumulated 835 shares or 0% of the stock. Hillsdale Mgmt last reported 0.17% of its portfolio in the stock. Bancorp Of New York Mellon holds 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW) for 77,477 shares. Moreover, Bogle Limited Partnership De has 0.08% invested in Primo Water Corporation (NASDAQ:PRMW) for 100,230 shares. Renaissance Lc holds 754,155 shares or 0.02% of its portfolio. Clarivest Asset Mngmt Ltd holds 35,219 shares or 0.01% of its portfolio. Brown Brothers Harriman And Communications holds 57,496 shares or 0% of its portfolio. Blue Clay Capital Mngmt Limited Company holds 1.42% of its portfolio in Primo Water Corporation (NASDAQ:PRMW) for 103,300 shares. California Public Employees Retirement Systems has invested 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Citigroup Inc holds 0% or 2,128 shares in its portfolio. Tfs Lc has 0.07% invested in the company for 34,311 shares. Blackrock Ltd last reported 292,411 shares in the company. Timpani Cap Mngmt Lc has invested 0.26% of its portfolio in Primo Water Corporation (NASDAQ:PRMW).
The stock decreased 1.63% or $0.22 on November 23, hitting $13.31. About 141,159 shares traded hands. Primo Water Corporation (NASDAQ:PRMW) has risen 27.40% since April 21, 2016 and is uptrending. It has outperformed by 22.07% the S&P500.
Primo Water Corporation is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The company has a market cap of $344.59 million. The Company’s products are sold through various retailers in the United States and Canada. It has a 65.86 P/E ratio. The Firm conducts its activities through two divisions: Primo Water and Primo Dispensers (Dispensers).
According to Zacks Investment Research, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina.”
Analysts await Primo Water Corporation (NASDAQ:PRMW) to report earnings on March, 14. They expect $0.04 EPS, up 100.00% or $0.02 from last year’s $0.02 per share. PRMW’s profit will be $1.04 million for 83.19 P/E if the $0.04 EPS becomes a reality. After $0.08 actual EPS reported by Primo Water Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
Another recent and important Primo Water Corporation (NASDAQ:PRMW) news was published by Bizjournals.com which published an article titled: “Primo Water to acquire California competitor for $263M” on October 11, 2016.
Primo Water Corporation, incorporated on October 20, 2004, is a well-known provider of 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. The Firm conducts its activities through two divisions: Primo Water (Water) and Primo Dispensers (Dispensers). The Water segment consists of the sale of multi-gallon purified bottled water (Exchange) and its self-service filtered drinking water (Refill). The Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. The Company’s products are offered in each of the United States and in Canada at approximately 25,700 combined retail locations, including Lowe’s Home Improvement, Walmart, The Home Depot, Kmart, Meijer, Kroger, Food Lion, H-E-B Grocery, Sobeys and Walgreens. Exchange and Refill provide clients the ability of either exchanging empty bottles and purchasing full bottles or refilling the empty bottles at any participating retailer.
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