Hilton Capital Management LLC Sells 3,720 Shares of Primo Water Co. (NYSE:PRMW)

Hilton Capital Management LLC lessened its holdings in Primo Water Co. (NYSE:PRMW) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,750 shares of the company’s stock after selling 3,720 shares during the quarter. Hilton Capital Management LLC’s holdings in Primo Water were worth $1,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Primo Water by 375.9% in the third quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock valued at $31,000 after buying an additional 981 shares during the period. Blue Trust Inc. lifted its stake in shares of Primo Water by 52.1% in the 3rd quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock valued at $47,000 after purchasing an additional 641 shares during the period. Sound Income Strategies LLC bought a new position in shares of Primo Water in the 3rd quarter worth $48,000. Crewe Advisors LLC acquired a new stake in shares of Primo Water during the first quarter worth $66,000. Finally, CWM LLC increased its holdings in Primo Water by 31.5% in the third quarter. CWM LLC now owns 3,310 shares of the company’s stock valued at $84,000 after purchasing an additional 792 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Primo Water Trading Down 0.9 %

Shares of NYSE PRMW opened at $24.21 on Wednesday. The company’s fifty day moving average is $25.50 and its 200-day moving average is $23.12. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.78 and a beta of 1.10. Primo Water Co. has a twelve month low of $14.06 and a twelve month high of $28.06. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86.

Primo Water Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $0.82 per share. The ex-dividend date is Tuesday, November 5th. This represents a dividend yield of 1.3%. Primo Water’s payout ratio is 22.36%.

Analyst Ratings Changes

A number of brokerages have issued reports on PRMW. Raymond James cut Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. William Blair assumed coverage on shares of Primo Water in a research report on Thursday, October 24th. They issued an “outperform” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 target price on shares of Primo Water in a report on Tuesday, October 1st. Finally, StockNews.com initiated coverage on shares of Primo Water in a research report on Wednesday. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.83.

Primo Water Profile

Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.