David L. Warnock Sells 1,917 Shares of Primo Water Co. (PRMW) Stock

Primo Water Co. (NASDAQ:PRMW) Director David L. Warnock sold 1,917 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $12.32, for a total value of $23,617.44. Following the completion of the transaction, the director now owns 25,157 shares in the company, valued at $309,934.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Primo Water Co. (PRMW) traded up $0.24 during midday trading on Friday, reaching $12.57. The company had a trading volume of 189,812 shares, compared to its average volume of 193,910. The stock has a market cap of $370.08, a price-to-earnings ratio of -18.22 and a beta of -0.33. Primo Water Co. has a twelve month low of $10.47 and a twelve month high of $15.39. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.99 and a quick ratio of 0.82.

A number of brokerages recently issued reports on PRMW. BidaskClub upgraded Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research cut Primo Water from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. B. Riley reiterated a “buy” rating and issued a $17.50 target price on shares of Primo Water in a report on Wednesday, November 8th. Barrington Research increased their target price on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, ValuEngine cut Primo Water from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Primo Water currently has an average rating of “Hold” and a consensus price target of $17.10.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. purchased a new stake in Primo Water in the 2nd quarter valued at $159,000. Nationwide Fund Advisors raised its position in Primo Water by 17.1% in the 2nd quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock valued at $182,000 after buying an additional 2,097 shares during the last quarter. Voya Investment Management LLC raised its position in Primo Water by 16.5% in the 2nd quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock valued at $182,000 after buying an additional 2,028 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Primo Water in the 2nd quarter valued at $218,000. Finally, The Manufacturers Life Insurance Company raised its position in Primo Water by 20.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,080 shares of the company’s stock valued at $267,000 after buying an additional 3,625 shares during the last quarter. 68.61% of the stock is owned by institutional investors and hedge funds.

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Primo Water 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).

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