The most recent 13F filing that Renaissance Group LLC submitted with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s stake in Primo Water Co (NYSE: PRMW) increased by 8.7%.
The corporation had 102,453 shares of the company’s stock after having purchased an additional 8,161 shares of stock throughout the period in question.
The most recent statement that Renaissance Group LLC filed with the Securities and Exchange Commission revealed that the company owned approximately 0.06% of Primo Water.
This percentage of the company’s stock equals approximately $1,286,000 worth of Renaissance Group LLC’s holdings (SEC).
Recently, several prominent investors have altered the interests they currently hold in the company due to recent transactions.
During the first three months of the year, Ancora Advisors LLC made a financial investment in Primo Water for $36,000.
During the third quarter, US Bancorp DE increased its shareholding in Primo Water by 76.0 percent, bringing its total ownership to 100 percent. US Bancorp DE now has a total of 2,325 shares of the company’s stock, valued at $29,000.
This resulted from purchasing an additional 1,004 shares during the period that immediately preceded the one being discussed.
The third quarter saw Canada’s Great West Life Insurance Company invest $95,000 in Primo Water shares.
This investment was made during the period.
The purchase of additional Primo Water shares during the third quarter cost Fulton Bank National Association $154,000 for the bank to establish a new position.
In the final step of this process, Bridgefront Capital LLC spent $177,000 purchasing an investment in Primo Water during the first three months of the year. Currently, 88.68% of the company’s shares are owned by hedge funds and other institutional investors.
Other news outlets reported that on January 6, 2019, the director Jeremy S. G. Fowden, sold 3,760 shares of the company’s stock.
The company provided this information.
The transaction involved the sale of the shares at an average price of $16.00 per share, which resulted in a total sale volume of $60,160.00. Following the completion of the sale, the director will have 1,268.770 shares of the company.
The current market value of these shares is estimated to be $20,300,320. On the Securities and Exchange Commission website, you can find a copy of the legal document that provides a more in-depth description of the sale.
The document in question describes the sale of the asset. Other news outlets reported that on January 6, 2019, the director Jeremy S. G. Fowden, sold 3,760 shares of the company’s stock.
The company provided this information.
The transaction involved the sale of the shares at an average price of $16.00 per share, which resulted in a total sale volume of $60,160.00. Following the completion of the sale, the director will have 1,268.770 shares of the company.
The current market value of these shares is estimated to be $20,300,320. On the Securities and Exchange Commission website, you can find a copy of the legal document that provides a more in-depth description of the sale.
The document in question describes the sale of the asset.
On February 8, Jeremy S. G. Fowden, also an investor, sold 47,630 shares of the company’s stock.
Mr. Fowden is both a director and an investor in the company.
A total of $762,556.30 was received for the sale of the shares, which works out to a price of $16.01 per share on average. Following the completion of the transaction, the director will have a direct ownership stake in 1,268,770 shares of the company’s stock, which will be approximately valued at $20,313,007.70 at the time of this writing.
Disclosures related to the sale might be found in this website section. Recent transactions involving members of the company’s inner circle resulted in the sale of 141,853 shares, totaling $2,280,980. Shares of the company are held privately by current and former employees to the extent of 4.40 percent of the total.
On Tuesday, the first transaction involving PRMW stock took place for $16.33. For this calculation, some possible values include a debt-to-equity ratio of 0.98, a current ratio of 0.76, and a quick ratio of 0.60.
Primo Water Co hit an all-time low of $12.15 during the past year, while the company reached an all-time high of $16.47 during the same period. For the company, the moving average price over the past 50 days is $15.60, and the moving average price over the past 200 days is $14.48.
The company has a price-to-earnings ratio of -85.95 and a beta of 1.07, and it has a market capitalization of $2.61 billion.
There has been discussion regarding the stock from the perspectives of several different equity analysts.
Primo Water was upgraded by TD Securities from a “hold” rating to a “buy” rating.
Their price objective was raised from $22.00 to $24.00 in a research report made available to the public on Friday, November 11. JPMorgan Chase & Co assigned an “overweight” rating to Primo Water; consequently, the firm decreased its target price for the company’s shares from $19.00 to $18.00 in a report released on Tuesday, November 8.
The report was about the company’s financial performance and was titled “Primo Water.”
By providing residential and commercial clients with pure-play water solution packages, Primo Water Corporation can better meet the requirements of its clientele.
There is a wide variety of choices available, including filtered coffee, bottled water that has been purified, drinking water that can be refilled on its own, premium spring, mineral, effervescent, and flavored water, as well as tools that can filter water and other liquids and drinking water that can be refilled on its own. Natural mineral water of various brands, including Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, and Water Event, is produced in the state of California. Other brands include Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, and Kentwood Springs; in the country now known as the United States of America, the company sells its wares under the brand name Pure Water Solutions.
It markets its products in Canada under the Canadian Springs and Labrador Source brands when those products are sold in that country.
It is the owner of the Decantae as well as the Eden and Eden brands.
Source: beststocks.com
