Primo Water Co. (NASDAQ:PRMW) saw unusually large options trading on Thursday. Investors purchased 684 put options on the stock. This is an increase of approximately 1,241% compared to the average volume of 51 put options.

Shares of Primo Water (NASDAQ:PRMW) traded down $0.14 on Monday, reaching $13.02. The company’s stock had a trading volume of 121,573 shares, compared to its average volume of 234,430. The firm has a market cap of $394.99, a P/E ratio of -18.87, a P/E/G ratio of 4.16 and a beta of -0.31. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.99 and a quick ratio of 0.82. Primo Water has a 12 month low of $10.47 and a 12 month high of $15.39.

Primo Water (NASDAQ:PRMW) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $82.21 million for the quarter, compared to the consensus estimate of $77.60 million. Primo Water had a negative return on equity of 32.85% and a negative net margin of 8.17%. analysts predict that Primo Water will post -0.26 earnings per share for the current fiscal year.

PRMW has been the subject of several analyst reports. Zacks Investment Research upgraded Primo Water from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, November 10th. B. Riley reiterated a “buy” rating and set a $17.50 price objective on shares of Primo Water in a report on Wednesday, November 8th. BidaskClub upgraded Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Barrington Research raised their target price on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Finally, ValuEngine lowered Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.10.

In related news, CFO Mark Castaneda sold 6,200 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $13.45, for a total value of $83,390.00. Following the transaction, the chief financial officer now owns 236,113 shares of the company’s stock, valued at $3,175,719.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David L. Warnock sold 33,226 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $12.37, for a total value of $411,005.62. Following the sale, the director now owns 25,157 shares of the company’s stock, valued at approximately $311,192.09. The disclosure for this sale can be found here. In the last three months, insiders sold 130,295 shares of company stock worth $1,636,440. 15.80% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Granite Point Capital Management L.P. grew its position in shares of Primo Water by 233.3% during the 2nd quarter. Granite Point Capital Management L.P. now owns 50,000 shares of the company’s stock valued at $635,000 after acquiring an additional 35,000 shares during the period. Royce & Associates LP grew its position in shares of Primo Water by 42.2% during the 2nd quarter. Royce & Associates LP now owns 226,900 shares of the company’s stock valued at $2,882,000 after acquiring an additional 67,300 shares during the period. Eagle Asset Management Inc. grew its position in shares of Primo Water by 13.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 447,192 shares of the company’s stock valued at $5,679,000 after acquiring an additional 51,504 shares during the period. Argent Capital Management LLC acquired a new stake in shares of Primo Water during the 2nd quarter valued at about $1,631,000. Finally, B. Riley Financial Inc. grew its position in shares of Primo Water by 137.9% during the 2nd quarter. B. Riley Financial Inc. now owns 84,375 shares of the company’s stock valued at $1,072,000 after acquiring an additional 48,907 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

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Primo Water Company Profile

Primo Water Corporation (Primo) provides 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. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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