Monday, February 6, 2023
Google search engine
HomeMarketResultsPrimo Water Co. (NYSE:PRMW) Sees Significant Decrease in Short Interest

Primo Water Co. (NYSE:PRMW) Sees Significant Decrease in Short Interest


Primo Water Co. (NYSE:PRMWGet Rating) was the recipient of a major lower briefly curiosity in December. As of December fifteenth, there was brief curiosity totalling 1,010,000 shares, a lower of 17.9% from the November thirtieth whole of 1,230,000 shares. Based mostly on a median every day quantity of 873,900 shares, the short-interest ratio is at present 1.2 days. Presently, 0.7% of the corporate’s shares are offered brief.

Primo Water Inventory Down 1.0 %

Primo Water stock opened at $15.54 on Friday. The corporate has a market cap of $2.48 billion, a P/E ratio of -81.79 and a beta of 1.10. Primo Water has a 1-year low of $12.15 and a 1-year excessive of $17.91. The corporate has a fifty day easy shifting common of $14.91 and a 200 day easy shifting common of $13.99. The corporate has a present ratio of 0.76, a fast ratio of 0.60 and a debt-to-equity ratio of 0.98.

Primo Water (NYSE:PRMWGet Rating) final launched its earnings outcomes on Thursday, November tenth. The corporate reported $0.21 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.22 by ($0.01). The enterprise had income of $584.60 million throughout the quarter, in comparison with the consensus estimate of $582.38 million. Primo Water had a detrimental web margin of 1.40% and a constructive return on fairness of 6.15%. Analysis analysts anticipate that Primo Water will publish 0.63 earnings per share for the present fiscal 12 months.

Primo Water Dividend Announcement

The corporate additionally just lately declared a quarterly dividend, which was paid on Friday, December ninth. Shareholders of file on Tuesday, November twenty ninth have been paid a $0.07 dividend. This represents a $0.28 dividend on an annualized foundation and a yield of 1.80%. The ex-dividend date was Monday, November twenty eighth. Primo Water’s dividend payout ratio is at present -147.37%.

Institutional Buying and selling of Primo Water

Massive traders have just lately added to or lowered their stakes within the firm. Montag & Caldwell LLC lifted its stake in Primo Water by 3.0% within the second quarter. Montag & Caldwell LLC now owns 74,197 shares of the corporate’s inventory valued at $993,000 after buying an extra 2,174 shares over the last quarter. Occudo Quantitative Methods LP lifted its stake in Primo Water by 51.4% within the second quarter. Occudo Quantitative Methods LP now owns 146,324 shares of the corporate’s inventory valued at $1,958,000 after buying an extra 49,692 shares over the last quarter. Bullseye Asset Administration LLC lifted its stake in Primo Water by 5.9% within the first quarter. Bullseye Asset Administration LLC now owns 180,404 shares of the corporate’s inventory valued at $2,571,000 after buying an extra 10,000 shares over the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Primo Water by 4.2% within the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 724,763 shares of the corporate’s inventory valued at $10,316,000 after buying an extra 29,248 shares over the last quarter. Lastly, CLARET ASSET MANAGEMENT Corp lifted its stake in Primo Water by 38.8% within the second quarter. CLARET ASSET MANAGEMENT Corp now owns 44,811 shares of the corporate’s inventory valued at $600,000 after buying an extra 12,533 shares over the last quarter. Institutional traders and hedge funds personal 88.68% of the corporate’s inventory.

Analyst Rankings Adjustments

A number of equities analysis analysts have just lately issued experiences on PRMW shares. JPMorgan Chase & Co. lowered their worth goal on shares of Primo Water from $19.00 to $18.00 and set an “chubby” score for the corporate in a analysis report on Tuesday, November eighth. StockNews.com began protection on shares of Primo Water in a analysis report on Wednesday, October twelfth. They set a “purchase” score for the corporate. Lastly, TD Securities elevated their worth goal on shares of Primo Water from $22.00 to $24.00 and gave the inventory a “purchase” score in a analysis report on Friday, November eleventh.

About Primo Water

(Get Rating)

Primo Water Company supplies pure-play water options for residential and industrial clients. It presents bottled water, water dispensers, purified bottled water, self-service refill consuming water, premium spring, mineral water, glowing and flavored water, filtration gear, and occasional. The corporate presents its merchandise below the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Pure Spring Water, Earth2O, Renü, and Water Occasion Pure Water Options manufacturers in america; Canadian Springs and Labrador Supply manufacturers in Canada; and Decantae, Eden, Eden Springs, Chateaud’eau, and Mey Eden manufacturers in Europe and Israel.

Additional Studying

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you contemplate Primo Water, you will wish to hear this.

MarketBeat retains monitor of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the five stocks that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Primo Water wasn’t on the record.

Whereas Primo Water at present has a “Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments