Cortina Asset Management LLC Sells 5,166 Shares of Primo Water Corporation (PRMW)
Cortina Asset Management LLC lessened its stake in Primo Water Corporation (NASDAQ:PRMW) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,841 shares of the company’s stock after selling 5,166 shares during the quarter. Cortina Asset Management LLC owned approximately 1.93% of Primo Water Corporation worth $6,836,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of PRMW. Bank of New York Mellon Corp lifted its holdings in Primo Water Corporation by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 100,050 shares of the company’s stock worth $1,358,000 after acquiring an additional 2,873 shares during the period. American International Group Inc. lifted its holdings in Primo Water Corporation by 7.5% during the first quarter. American International Group Inc. now owns 13,052 shares of the company’s stock worth $177,000 after acquiring an additional 910 shares during the period. Vanguard Group Inc. lifted its holdings in Primo Water Corporation by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,000,388 shares of the company’s stock worth $13,585,000 after acquiring an additional 26,542 shares during the period. Geode Capital Management LLC lifted its holdings in Primo Water Corporation by 13.1% during the first quarter. Geode Capital Management LLC now owns 194,274 shares of the company’s stock worth $2,638,000 after acquiring an additional 22,435 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Primo Water Corporation by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock worth $8,908,000 after acquiring an additional 87,018 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.
PRMW has been the topic of a number of recent analyst reports. ValuEngine upgraded Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Primo Water Corporation in a report on Wednesday, November 8th. Finally, Barrington Research lifted their price target on Primo Water Corporation from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.10.
In other Primo Water Corporation news, Director Malcolm Mcquilkin sold 11,082 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $11.86, for a total value of $131,432.52. Following the sale, the director now directly owns 126,042 shares in the company, valued at $1,494,858.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 40,858 shares of company stock worth $479,169. Corporate insiders own 15.80% of the company’s stock.
Shares of Primo Water Corporation (NASDAQ:PRMW) traded down $0.04 on Wednesday, hitting $12.79. The company’s stock had a trading volume of 159,500 shares, compared to its average volume of 194,548. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99. Primo Water Corporation has a 52-week low of $10.47 and a 52-week high of $15.39.
About Primo Water Corporation
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).
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