Primo Water Corp (NASDAQ:PRMW) Institutional Investors Sentiment Index Increased in 2018 Q2

September 14, 2018 - By Robert Reynolds

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Sentiment for Primo Water Corp (NASDAQ:PRMW)

Primo Water Corp (NASDAQ:PRMW) institutional sentiment increased to 2.55 in 2018 Q2. Its up 1.55, from 1 in 2018Q1. The ratio increased, as 74 active investment managers increased or started new equity positions, while 29 decreased and sold their equity positions in Primo Water Corp. The active investment managers in our partner’s database reported: 23.00 million shares, up from 18.99 million shares in 2018Q1. Also, the number of active investment managers holding Primo Water Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 19 Increased: 40 New Position: 34.

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. The company has market cap of $733.36 million. The firm operates in two divisions, Primo Water and Primo Dispensers. It has a 68.75 P/E ratio. The Primo Water segment offers exchange and refill products through point of purchase display racks, or self-serve filtered water displays and recycling centers.

The stock decreased 0.69% or $0.14 during the last trading session, reaching $19.45. About 16,157 shares traded. Primo Water Corporation (NASDAQ:PRMW) has risen 68.09% since September 14, 2017 and is uptrending. It has outperformed by 52.47% the S&P500.

Analysts await Primo Water Corporation (NASDAQ:PRMW) to report earnings on November, 6. They expect $0.18 EPS, up 28.57 % or $0.04 from last year’s $0.14 per share. PRMW’s profit will be $6.79 million for 27.01 P/E if the $0.18 EPS becomes a reality. After $0.09 actual EPS reported by Primo Water Corporation for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Manatuck Hill Partners Llc holds 9.06% of its portfolio in Primo Water Corporation for 1.29 million shares. 1492 Capital Management Llc owns 174,397 shares or 2.18% of their US portfolio. Moreover, Portolan Capital Management Llc has 1.61% invested in the company for 900,526 shares. The Illinois-based Perritt Capital Management Inc has invested 1.09% in the stock. Thompson Davis & Co. Inc., a Virginia-based fund reported 22,755 shares.

Since January 1, 0001, it had 0 insider purchases, and 9 sales for $5.93 million activity.

Primo Water Corporation (NASDAQ:PRMW) Ratings Coverage

Ratings analysis reveals 67% of Primo Water Corp’s analysts are positive. Out of 3 Wall Street analysts rating Primo Water Corp, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $16 while the high is $22. The stock’s average target of $20 is 2.83% above today’s ($19.45) share price. PRMW was included in 4 notes of analysts from May 24, 2018. The company was maintained on Wednesday, August 8 by BMO Capital Markets. FBR Capital maintained the shares of PRMW in report on Tuesday, June 26 with “Buy” rating. The firm has “Buy” rating given on Thursday, May 24 by William Blair. BMO Capital Markets maintained the shares of PRMW in report on Thursday, May 24 with “Market Perform” rating.

More news for Primo Water Corporation (NASDAQ:PRMW) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Antero Resources, Orchid Island Capital, Primo …” on August 17, 2018. 247Wallst.com‘s article titled: “What Will Coca-Cola Acquire Next?” and published on August 31, 2018 is yet another important article.

Primo Water Corporation (NASDAQ:PRMW) Institutional Positions Chart

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