Bank of America Corp DE reduced its position in shares of Primo Water Corporation (NASDAQ:PRMW) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,138 shares of the company’s stock after selling 907 shares during the period. Bank of America Corp DE owned about 0.51% of Primo Water Corporation worth $2,053,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. KCG Holdings Inc. acquired a new stake in shares of Primo Water Corporation during the first quarter worth $190,000. Renaissance Technologies LLC raised its stake in shares of Primo Water Corporation by 10.5% in the first quarter. Renaissance Technologies LLC now owns 790,055 shares of the company’s stock worth $10,729,000 after buying an additional 74,800 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Primo Water Corporation during the first quarter worth $156,000. Dimensional Fund Advisors LP raised its stake in shares of Primo Water Corporation by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock worth $8,908,000 after buying an additional 87,018 shares in the last quarter. Finally, Next Century Growth Investors LLC raised its stake in shares of Primo Water Corporation by 0.7% in the first quarter. Next Century Growth Investors LLC now owns 299,867 shares of the company’s stock worth $4,072,000 after buying an additional 2,086 shares in the last quarter. 58.01% of the stock is currently owned by institutional investors.

Primo Water Corporation (PRMW) traded up 4.28% during midday trading on Friday, hitting $12.66. 212,605 shares of the stock were exchanged. Primo Water Corporation has a 52 week low of $10.74 and a 52 week high of $15.39. The firm’s 50-day moving average is $12.67 and its 200 day moving average is $13.05. The stock’s market cap is $377.83 million.

Primo Water Corporation (NASDAQ:PRMW) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $73.20 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 117.4% compared to the same quarter last year. Equities research analysts expect that Primo Water Corporation will post ($0.31) EPS for the current fiscal year.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Saturday. B. Riley reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Primo Water Corporation in a report on Monday. ValuEngine lowered Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub raised Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Primo Water Corporation in a report on Friday, June 9th. Two research 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. The company currently has an average rating of “Hold” and an average target price of $17.10.

In other Primo Water Corporation news, insider Camden Partners Strategic Fund sold 7,985 shares of Primo Water Corporation stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $13.50, for a total value of $107,797.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 2,750 shares of company stock worth $30,050. Insiders own 15.80% of the company’s stock.

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).

Institutional Ownership by Quarter for Primo Water Corporation (NASDAQ:PRMW)

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