Primo Water Corporation (NASDAQ:PRMW) Director Malcolm Mcquilkin sold 16,062 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $11.66, for a total value of $187,282.92. Following the transaction, the director now owns 105,345 shares of the company’s stock, valued at $1,228,322.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Malcolm Mcquilkin also recently made the following trade(s):

  • On Thursday, September 14th, Malcolm Mcquilkin sold 13,714 shares of Primo Water Corporation stock. The stock was sold at an average price of $11.70, for a total value of $160,453.80.
  • On Thursday, September 7th, Malcolm Mcquilkin sold 11,082 shares of Primo Water Corporation stock. The stock was sold at an average price of $11.86, for a total value of $131,432.52.

Shares of Primo Water Corporation (NASDAQ PRMW) traded down 0.87% during midday trading on Thursday, reaching $11.38. The company’s stock had a trading volume of 67,840 shares. The company’s 50-day moving average price is $11.92 and its 200 day moving average price is $12.57. Primo Water Corporation has a 12-month low of $10.74 and a 12-month high of $15.39. The company’s market capitalization is $339.90 million.

Primo Water Corporation (NASDAQ:PRMW) last issued its earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $74.80 million for the quarter, compared to analysts’ expectations of $73.20 million. Primo Water Corporation had a negative net margin of 11.15% and a negative return on equity of 42.49%. The company’s revenue was up 117.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that Primo Water Corporation will post ($0.31) earnings per share for the current year.

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A number of equities analysts have recently issued reports on the company. B. Riley restated a “buy” rating and set a $17.50 price objective on shares of Primo Water Corporation in a research report on Monday, August 7th. Zacks Investment Research downgraded Primo Water Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. ValuEngine downgraded Primo Water Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BMO Capital Markets restated a “market perform” rating on shares of Primo Water Corporation in a research report on Friday, June 9th. Finally, BidaskClub upgraded Primo Water Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its position in Primo Water Corporation by 110.3% during the 1st quarter. US Bancorp DE now owns 9,884 shares of the company’s stock valued at $135,000 after purchasing an additional 5,184 shares during the last quarter. HighTower Advisors LLC raised its position in Primo Water Corporation by 2.9% during the 1st quarter. HighTower Advisors LLC now owns 10,600 shares of the company’s stock valued at $145,000 after purchasing an additional 300 shares during the last quarter. SG Americas Securities LLC bought a new position in Primo Water Corporation during the 1st quarter valued at approximately $147,000. Citadel Advisors LLC bought a new position in Primo Water Corporation during the 1st quarter valued at approximately $156,000. Finally, Thompson Davis & CO. Inc. bought a new position in Primo Water Corporation during the 2nd quarter valued at approximately $159,000. 63.05% of the stock is owned by institutional investors and hedge funds.

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).

Insider Buying and Selling by Quarter for Primo Water Corporation (NASDAQ:PRMW)

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