Primo Water Corporation (NASDAQ:PRMW) saw unusually large options trading activity on Monday. Stock traders purchased 3,939 put options on the company. This represents an increase of 2,714% compared to the average volume of 140 put options.

A number of equities research analysts have recently weighed in on PRMW shares. Zacks Investment Research upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of Primo Water in a research report on Wednesday, November 8th. Finally, Barrington Research increased their target price on shares of Primo Water from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Primo Water presently has an average rating of “Hold” and an average target price of $17.10.

Primo Water (NASDAQ:PRMW) opened at $13.11 on Thursday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99. Primo Water has a 52-week low of $10.47 and a 52-week high of $15.39.

In other Primo Water news, Director Malcolm Mcquilkin sold 16,062 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $11.66, for a total transaction of $187,282.92. Following the sale, the director now directly owns 105,345 shares in the company, valued at approximately $1,228,322.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Primo Water by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,045,252 shares of the company’s stock worth $13,275,000 after purchasing an additional 44,864 shares during the last quarter. Elk Creek Partners LLC grew its position in Primo Water by 22.8% during the 3rd quarter. Elk Creek Partners LLC now owns 761,585 shares of the company’s stock worth $9,025,000 after purchasing an additional 141,586 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Primo Water by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock worth $8,908,000 after purchasing an additional 87,018 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Primo Water during the 2nd quarter worth $7,010,000. Finally, Eagle Asset Management Inc. grew its position in Primo Water by 10.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 493,996 shares of the company’s stock worth $5,641,000 after purchasing an additional 46,804 shares during the last quarter. 68.74% of the stock is currently owned by institutional investors.

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About Primo Water

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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