Chatham Capital Group Inc. Takes $986,000 Position in Primo Water Co. (PRMW)

Chatham Capital Group Inc. acquired a new stake in Primo Water Co. (NASDAQ:PRMW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 70,363 shares of the company’s stock, valued at approximately $986,000. Chatham Capital Group Inc. owned 0.18% of Primo Water at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA grew its stake in shares of Primo Water by 229.7% in the 3rd quarter. Federated Investors Inc. PA now owns 1,375 shares of the company’s stock valued at $25,000 after purchasing an additional 958 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Primo Water during the 4th quarter worth $36,000. Legal & General Group Plc lifted its holdings in Primo Water by 24.3% during the 3rd quarter. Legal & General Group Plc now owns 4,917 shares of the company’s stock worth $89,000 after buying an additional 962 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Primo Water during the 4th quarter worth $169,000. Finally, IFG Advisory LLC acquired a new position in Primo Water during the 3rd quarter worth $225,000. Institutional investors own 75.61% of the company’s stock.

Several research analysts have issued reports on the company. BMO Capital Markets reduced their price objective on Primo Water from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, October 24th. Zacks Investment Research raised Primo Water from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. B. Riley cut their price target on Primo Water from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. Barrington Research reissued a “buy” rating and issued a $20.00 price target on shares of Primo Water in a research note on Wednesday, November 7th. Finally, BidaskClub raised Primo Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Primo Water presently has a consensus rating of “Buy” and a consensus target price of $19.20.

In related news, VP Michael Cauthen sold 1,859 shares of the firm’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $14.53, for a total transaction of $27,011.27. Following the sale, the vice president now owns 5,456 shares of the company’s stock, valued at approximately $79,275.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.50% of the company’s stock.

Shares of Primo Water stock opened at $13.80 on Wednesday. The firm has a market cap of $535.64 million, a P/E ratio of -49.29, a price-to-earnings-growth ratio of 2.35 and a beta of 0.46. Primo Water Co. has a 12 month low of $11.16 and a 12 month high of $20.72. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.73 and a current ratio of 0.94.

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Primo Water Company Profile

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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