Elk Creek Partners LLC boosted its position in Primo Water Co. (NASDAQ:PRMW) by 20.3% during the first quarter, Holdings Channel reports. The institutional investor owned 727,328 shares of the company’s stock after buying an additional 122,675 shares during the period. Elk Creek Partners LLC’s holdings in Primo Water were worth $11,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Primo Water in the 4th quarter valued at $36,000. Legal & General Group Plc grew its position in Primo Water by 24.3% in the 3rd quarter. Legal & General Group Plc now owns 4,917 shares of the company’s stock valued at $89,000 after buying an additional 962 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Primo Water in the 4th quarter valued at $92,000. BNP Paribas Arbitrage SA grew its position in Primo Water by 77,911.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,021 shares of the company’s stock valued at $109,000 after buying an additional 7,012 shares during the last quarter. Finally, HRT Financial LLC purchased a new position in Primo Water in the 4th quarter valued at $153,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

PRMW has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Primo Water from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. ValuEngine raised Primo Water from a “hold” rating to a “buy” rating in a report on Monday, March 11th. B. Riley raised their target price on Primo Water from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Imperial Capital reissued an “outperform” rating and issued a $20.00 target price on shares of Primo Water in a report on Friday, March 8th. Finally, BMO Capital Markets raised their target price on Primo Water from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.80.

Primo Water stock traded up $0.01 during midday trading on Monday, reaching $11.55. The company’s stock had a trading volume of 4,973 shares, compared to its average volume of 406,638. Primo Water Co. has a fifty-two week low of $10.70 and a fifty-two week high of $20.72. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.99. The company has a market cap of $450.64 million, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74.

Primo Water (NASDAQ:PRMW) last released its earnings results on Tuesday, May 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Primo Water had a negative net margin of 19.21% and a positive return on equity of 11.15%. The business had revenue of $70.05 million during the quarter, compared to analyst estimates of $70.00 million. Sell-side analysts predict that Primo Water Co. will post 0.37 EPS for the current year.

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