As Primo Water Corp (PRMW) Stock Value Declined, Zelman Capital LLC Lowered Stake by $3.10 Million

July 18, 2017 - By Adrian Erickson

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.14, from 1.12 in 2016Q3. It turned negative, as 11 investors sold PRMW shares while 37 reduced holdings. 19 funds opened positions while 28 raised stakes. 15.51 million shares or 0.60% less from 15.60 million shares in 2016Q3 were reported. Blackrock Institutional Trust Com Na stated it has 1.17 million shares. Schwab Charles Inv Mngmt has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Virginia-based Thompson Davis & Co Incorporated has invested 0.06% in Primo Water Corporation (NASDAQ:PRMW). Goldman Sachs owns 45,237 shares for 0% of their portfolio. Blackrock Fund reported 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Royal Financial Bank Of Canada reported 1,286 shares. Gsa Prtn Limited Liability Partnership reported 31,063 shares stake. Navellier And Associate owns 40,772 shares or 0.08% of their US portfolio. Bancorporation Of New York Mellon reported 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Blackrock Advsr Ltd Liability Corporation reported 0% in Primo Water Corporation (NASDAQ:PRMW). The Ontario – Canada-based Manufacturers Life Ins The has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Kayne Anderson Cap Advsr Limited Partnership holds 0.01% of its portfolio in Primo Water Corporation (NASDAQ:PRMW) for 69,070 shares. Morgan Stanley has 0% invested in Primo Water Corporation (NASDAQ:PRMW). Asset Management Inc accumulated 21,404 shares or 0.05% of the stock. Gilman Hill Asset Management Ltd Com invested in 15,628 shares or 0.07% of the stock.

Since March 22, 2017, it had 5 buys, and 1 sale for $153,446 activity. $183,499 worth of Primo Water Corporation (NASDAQ:PRMW) was sold by WARNOCK DAVID L on Wednesday, March 22. 1,000 shares were bought by Hass David W., worth $10,794 on Thursday, May 18. The insider Sheehan Matthew bought 250 shares worth $2,741.

Zelman Capital Llc decreased its stake in Primo Water Corp (PRMW) by 26.92% based on its latest 2016Q4 regulatory filing with the SEC. Zelman Capital Llc sold 258,200 shares as the company’s stock declined 24.55% while stock markets rallied. The institutional investor held 701,048 shares of the food distributors company at the end of 2016Q4, valued at $8.61M, down from 959,248 at the end of the previous reported quarter. Zelman Capital Llc who had been investing in Primo Water Corp for a number of months, seems to be less bullish one the $399.18 million market cap company. The stock increased 3.37% or $0.43 during the last trading session, reaching $13.2. About shares traded. Primo Water Corporation (NASDAQ:PRMW) has declined 3.15% since July 18, 2016 and is downtrending. It has underperformed by 19.85% the S&P500.

More notable recent Primo Water Corporation (NASDAQ:PRMW) news were published by: Seekingalpha.com which released: “Prime Time For Primo Water” on February 01, 2017, also Fool.com with their article: “Here’s Why Primo Water Corporation Dropped as Much as 12.7% Today” published on May 10, 2017, Globenewswire.com published: “Primo Water Completes Strategic Acquisition of Glacier Water Services, Inc.” on December 12, 2016. More interesting news about Primo Water Corporation (NASDAQ:PRMW) were released by: Seekingalpha.com and their article: “Primo Water’s (PRMW) CEO Billy Prim on Q3 2016 Results – Earnings Call Transcript” published on November 01, 2016 as well as Seekingalpha.com‘s news article titled: “Primo Water: Making Water Drinkable” with publication date: January 24, 2017.

Primo Water Corporation (NASDAQ:PRMW) Ratings Coverage

Among 3 analysts covering Primo Water (NASDAQ:PRMW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Primo Water has $15 highest and $7.25 lowest target. $12’s average target is -9.09% below currents $13.2 stock price. Primo Water had 6 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, October 30 the stock rating was downgraded by Barrington Research to “Market Perform”. The stock of Primo Water Corporation (NASDAQ:PRMW) earned “Hold” rating by Zacks on Wednesday, August 5. Barrington Research upgraded Primo Water Corporation (NASDAQ:PRMW) rating on Tuesday, December 29. Barrington Research has “Outperform” rating and $9.5 target. The stock of Primo Water Corporation (NASDAQ:PRMW) has “Outperform” rating given on Tuesday, October 11 by Barrington Research.

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