The stock of Primo Water Corporation (NASDAQ:PRMW) is a huge mover today! About 287,838 shares traded hands or 55.06% up from the average. Primo Water Corporation (NASDAQ:PRMW) has risen 12.30% since April 13, 2016 and is uptrending. It has outperformed by 8.38% the S&P500.
The move comes after 8 months positive chart setup for the $338.27M company. It was reported on Nov, 15 by Barchart.com. We have $19.11 PT which if reached, will make NASDAQ:PRMW worth $152.22M more.
Primo Water Corporation (NASDAQ:PRMW) Ratings Coverage
Out of 2 analysts covering Primo Water (NASDAQ:PRMW), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Primo Water has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Barrington Research given on Tuesday, December 29. The rating was downgraded by Barrington Research on Friday, October 30 to “Market Perform”. The firm has “Outperform” rating by Barrington Research given on Tuesday, October 11. The stock of Primo Water Corporation (NASDAQ:PRMW) earned “Hold” rating by Zacks on Wednesday, August 5.
According to Zacks Investment Research, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.45, from 1.55 in 2016Q1. The ratio is positive, as 10 funds sold all Primo Water Corporation shares owned while 22 reduced positions. 27 funds bought stakes while 37 increased positions. They now own 16.09 million shares or 11.61% more from 14.42 million shares in 2016Q1.
Goldman Sachs Group accumulated 0% or 39,277 shares. Citadel Advsr Ltd has 33,824 shares for 0% of their US portfolio. Manatuck Hill Partners Limited Company accumulated 9.28% or 1.78 million shares. Numeric Invsts Limited Company owns 45,000 shares or 0% of their US portfolio. Axiom Intl Lc De has invested 0.09% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Westwood Corporation Il last reported 80,000 shares in the company. California State Teachers Retirement holds 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW) for 44,279 shares. Dimensional Fund Ltd Partnership holds 360,127 shares or 0% of its portfolio. Da Davidson And Company last reported 0.01% of its portfolio in the stock. Panagora Asset Management Inc last reported 43,108 shares in the company. Barclays Public Limited Company has invested 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Citigroup Inc reported 2,128 shares or 0% of all its holdings. Rhumbline Advisers has invested 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Geode Cap Mgmt Limited Liability Corporation reported 163,383 shares or 0% of all its holdings. The Massachusetts-based Monarch Ptnrs Asset Mngmt Limited Liability Corp has invested 0.03% in Primo Water Corporation (NASDAQ:PRMW).
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.04 million net activity. WARNOCK DAVID L sold $531,522 worth of Primo Water Corporation (NASDAQ:PRMW) on Wednesday, May 25.
Another recent and important Primo Water Corporation (NASDAQ:PRMW) news was published by Globenewswire.com which published an article titled: “Primo Water to Announce Results for the Third Quarter Ended September 30, 2016” on October 10, 2016.
PRMW Company Profile
Primo Water Corporation, incorporated on October 20, 2004, is a well-known provider of 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. The Firm conducts its activities through two divisions: Primo Water (Water) and Primo Dispensers (Dispensers). The Water segment consists of the sale of multi-gallon purified bottled water (Exchange) and its self-service filtered drinking water (Refill). The Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. The Company’s products are offered in each of the United States and in Canada at approximately 25,700 combined retail locations, including Lowe’s Home Improvement, Walmart, The Home Depot, Kmart, Meijer, Kroger, Food Lion, H-E-B Grocery, Sobeys and Walgreens. Exchange and Refill provide clients the ability of either exchanging empty bottles and purchasing full bottles or refilling the empty bottles at any participating retailer.
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