Global Alpha Capital Management Ltd. Purchases 24,506 Shares of Primo Water Co. (NASDAQ:PRMW)

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Global Alpha Capital Management Ltd. increased its position in Primo Water Co. (NASDAQ:PRMW) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,006 shares of the company’s stock after buying an additional 24,506 shares during the quarter. Global Alpha Capital Management Ltd. owned 1.18% of Primo Water worth $5,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PRMW. SG Capital Management LLC bought a new stake in Primo Water in the 2nd quarter worth approximately $7,251,000. William Blair Investment Management LLC lifted its position in Primo Water by 24.9% in the first quarter. William Blair Investment Management LLC now owns 1,527,266 shares of the company’s stock valued at $23,612,000 after purchasing an additional 304,083 shares during the last quarter. First Trust Advisors LP bought a new stake in Primo Water in the first quarter valued at approximately $4,509,000. JPMorgan Chase & Co. lifted its position in Primo Water by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 1,750,583 shares of the company’s stock valued at $27,064,000 after purchasing an additional 184,417 shares during the last quarter. Finally, Elk Creek Partners LLC lifted its position in Primo Water by 20.3% in the first quarter. Elk Creek Partners LLC now owns 727,328 shares of the company’s stock valued at $11,244,000 after purchasing an additional 122,675 shares during the last quarter. Institutional investors own 86.26% of the company’s stock.

Shares of Primo Water stock opened at $12.54 on Wednesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.99. The company has a market capitalization of $463.95 million, a P/E ratio of 36.88, a PEG ratio of 3.74 and a beta of 0.71. The company’s 50 day simple moving average is $13.24. Primo Water Co. has a 52 week low of $10.70 and a 52 week high of $20.72.

Primo Water (NASDAQ:PRMW) last announced its earnings results on Monday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $79.30 million for the quarter, compared to the consensus estimate of $78.01 million. Primo Water had a negative net margin of 18.85% and a positive return on equity of 11.76%. Primo Water’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. On average, equities analysts predict that Primo Water Co. will post 0.26 EPS for the current year.

Several brokerages have weighed in on PRMW. Zacks Investment Research upgraded Primo Water from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barrington Research set a $18.00 price objective on Primo Water and gave the company a “buy” rating in a research report on Wednesday, June 26th. BidaskClub downgraded Primo Water from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. BMO Capital Markets set a $19.00 price objective on Primo Water and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, ValuEngine upgraded Primo Water from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.00.

About Primo Water

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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