Barclays PLC reduced its position in Primo Water Co. (NASDAQ:PRMW) by 71.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,600 shares of the company’s stock after selling 16,687 shares during the period. Barclays PLC’s holdings in Primo Water were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in Primo Water by 229.7% in the 3rd quarter. Federated Investors Inc. PA now owns 1,375 shares of the company’s stock worth $25,000 after purchasing an additional 958 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Primo Water in the 4th quarter worth $36,000. Legal & General Group Plc raised its holdings in Primo Water by 24.3% in the 3rd quarter. Legal & General Group Plc now owns 4,917 shares of the company’s stock worth $89,000 after purchasing an additional 962 shares during the period. Great West Life Assurance Co. Can bought a new position in Primo Water in the 4th quarter worth $92,000. Finally, First Mercantile Trust Co. bought a new position in Primo Water in the 4th quarter worth $169,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.

NASDAQ:PRMW opened at $15.37 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89. The stock has a market cap of $584.07 million, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 3.35 and a beta of 0.44. Primo Water Co. has a 52 week low of $11.52 and a 52 week high of $20.72.

Primo Water (NASDAQ:PRMW) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $70.88 million for the quarter, compared to analysts’ expectations of $72.51 million. Primo Water had a positive return on equity of 12.71% and a negative net margin of 18.16%. As a group, analysts predict that Primo Water Co. will post 0.38 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. ValuEngine raised Primo Water from a “hold” rating to a “buy” rating in a report on Monday, March 11th. BidaskClub cut Primo Water from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Zacks Investment Research raised Primo Water from a “sell” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Primo Water presently has a consensus rating of “Buy” and a consensus price target of $20.20.

In other Primo Water news, VP Michael Cauthen sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $15.32, for a total transaction of $61,280.00. Following the sale, the vice president now directly owns 10,579 shares of the company’s stock, valued at $162,070.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.80% of the stock is owned by company insiders.

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About Primo Water

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.

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

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