BlackRock Advisors LLC boosted its stake in Primo Water Corporation (NASDAQ:PRMW) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 293,681 shares of the company’s stock after buying an additional 1,270 shares during the period. BlackRock Advisors LLC’s holdings in Primo Water Corporation were worth $3,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Primo Water Corporation by 129.2% in the second quarter. Bank of New York Mellon Corp now owns 77,477 shares of the company’s stock valued at $914,000 after buying an additional 43,677 shares during the period. California State Teachers Retirement System purchased a new position in shares of Primo Water Corporation during the second quarter valued at about $523,000. Emerald Acquisition Ltd. purchased a new position in shares of Primo Water Corporation during the second quarter valued at about $763,000. California Public Employees Retirement System boosted its position in shares of Primo Water Corporation by 42.8% in the second quarter. California Public Employees Retirement System now owns 86,100 shares of the company’s stock valued at $1,017,000 after buying an additional 25,800 shares during the period. Finally, Airain ltd boosted its position in shares of Primo Water Corporation by 67.9% in the second quarter. Airain ltd now owns 20,056 shares of the company’s stock valued at $237,000 after buying an additional 8,110 shares during the period. Hedge funds and other institutional investors own 56.58% of the company’s stock.

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

Primo Water Corporation (NASDAQ:PRMW) traded up 2.43% during midday trading on Friday, reaching $12.20. The company’s stock had a trading volume of 68,687 shares. Primo Water Corporation has a 1-year low of $8.00 and a 1-year high of $14.99. The firm has a 50 day moving average price of $12.73 and a 200 day moving average price of $12.23. The firm has a market capitalization of $317.71 million, a PE ratio of 62.89 and a beta of -0.25.

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Several equities analysts recently issued reports on PRMW shares. B. Riley raised their price objective on Primo Water Corporation from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Barrington Research raised their price objective on Primo Water Corporation from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 11th. Zacks Investment Research cut Primo Water Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Finally, TheStreet cut Primo Water Corporation from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $15.17.

In related news, VP David J. Mills sold 5,669 shares of the company’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $13.00, for a total value of $73,697.00. Following the completion of the sale, the vice president now owns 16,351 shares in the company, valued at $212,563. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Warnock sold 38,000 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $13.28, for a total value of $504,640.00. The disclosure for this sale can be found here. Insiders own 18.70% of the company’s stock.

About Primo Water Corporation

Primo Water Corporation is a 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 Company conducts its operations through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

5 Day Chart for NASDAQ:PRMW

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