Primo Water Co. (NASDAQ:PRMW) Director David L. Warnock sold 1,917 shares of Primo Water stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $12.32, for a total transaction of $23,617.44. Following the sale, the director now owns 25,157 shares of the company’s stock, valued at $309,934.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Primo Water Co. (NASDAQ PRMW) traded down $0.02 during midday trading on Thursday, reaching $12.33. 81,525 shares of the company were exchanged, compared to its average volume of 195,494. The firm has a market capitalization of $370.15, a P/E ratio of -17.87 and a beta of -0.33. Primo Water Co. has a 52 week low of $10.47 and a 52 week high of $15.39. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 3.99.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Argent Capital Management LLC lifted its position in Primo Water by 25.6% during the third quarter. Argent Capital Management LLC now owns 161,300 shares of the company’s stock valued at $1,911,000 after purchasing an additional 32,875 shares during the period. First Allied Advisory Services Inc. acquired a new position in Primo Water during the third quarter valued at $281,000. B. Riley Financial Inc. lifted its position in Primo Water by 25.5% during the third quarter. B. Riley Financial Inc. now owns 105,920 shares of the company’s stock valued at $1,234,000 after purchasing an additional 21,545 shares during the period. Elk Creek Partners LLC lifted its position in Primo Water by 22.8% during the third quarter. Elk Creek Partners LLC now owns 761,585 shares of the company’s stock valued at $9,025,000 after purchasing an additional 141,586 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Primo Water by 14.4% in the third quarter. Wells Fargo & Company MN now owns 127,157 shares of the company’s stock valued at $1,507,000 after buying an additional 16,006 shares in the last quarter. Institutional investors own 68.61% of the company’s stock.

Several research firms have recently commented on PRMW. BidaskClub upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Barrington Research lifted their price objective on shares of Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Primo Water from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. B. Riley restated a “buy” rating and set a $17.50 target price on shares of Primo Water in a research report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Primo Water currently has an average rating of “Hold” and a consensus target price of $17.10.

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Primo Water 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 (NASDAQ:PRMW)

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