Goldman Sachs Group Inc. trimmed its holdings in shares of Primo Water Corporation (NASDAQ:PRMW) by 25.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,720 shares of the company’s stock after selling 11,208 shares during the period. Goldman Sachs Group Inc. owned approximately 0.11% of Primo Water Corporation worth $416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Primo Water Corporation by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,000,388 shares of the company’s stock valued at $13,585,000 after buying an additional 26,542 shares during the period. Granite Point Capital Management L.P. lifted its holdings in shares of Primo Water Corporation by 233.3% during the 2nd quarter. Granite Point Capital Management L.P. now owns 50,000 shares of the company’s stock valued at $635,000 after buying an additional 35,000 shares during the period. Royce & Associates LP lifted its holdings in shares of Primo Water Corporation by 42.2% during the 2nd quarter. Royce & Associates LP now owns 226,900 shares of the company’s stock valued at $2,882,000 after buying an additional 67,300 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Primo Water Corporation by 13.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 447,192 shares of the company’s stock valued at $5,679,000 after buying an additional 51,504 shares during the period. Finally, B. Riley Financial Inc. lifted its holdings in shares of Primo Water Corporation by 137.9% during the 2nd quarter. B. Riley Financial Inc. now owns 84,375 shares of the company’s stock valued at $1,072,000 after buying an additional 48,907 shares during the period. 63.13% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on PRMW shares. Zacks Investment Research cut Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. ValuEngine cut Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. B. Riley reissued a “buy” rating and set a $17.50 price target on shares of Primo Water Corporation in a report on Monday, August 7th. Finally, Barrington Research increased their price target on Primo Water Corporation from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.10.

Primo Water Corporation (NASDAQ PRMW) opened at $12.67 on Wednesday. Primo Water Corporation has a twelve month low of $10.47 and a twelve month high of $15.39. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 3.99.

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In related news, Director Malcolm Mcquilkin sold 16,062 shares of the firm’s stock in a transaction on 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 directly owns 105,345 shares of the company’s stock, valued at approximately $1,228,322.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 40,858 shares of company stock worth $479,169. 15.80% of the stock is owned by insiders.

Primo Water Corporation Company Profile

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).

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

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