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Which institution holds the most shares in Primo Water Corporation (PRMW)

Primo Water Corporation (NYSE: PRMW) is 20.00% higher on its value in year-to-date trading and has touched a low of $12.27 and a high of $18.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRMW stock was last observed hovering at around $18.21 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $18.06, the stock is 2.99% and 12.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -0.82% at the moment leaves the stock 22.97% off its SMA200. PRMW registered 17.65% gain for a year compared to 6-month gain of 34.98%. The firm has a 50-day simple moving average (SMA 50) of $2.17 and a 200-day simple moving average (SMA200) of $10.82.

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The stock witnessed a 11.41% loss in the last 1 month and extending the period to 3 months gives it a 17.58%, and is -0.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.60% over the week and 1.85% over the month.

Primo Water Corporation (PRMW) has around 6400 employees, a market worth around $2.88B and $2.20B in sales. Current P/E ratio is 39.19 and Fwd P/E is 16.90. Profit margin for the company is 3.35%. Distance from 52-week low is 47.25% and -2.33% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

Primo Water Corporation quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $439.4M over the same period.The EPS is expected to grow by 41.92% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to shrink -17.50% in year-over-year returns.

354 institutions hold shares in Primo Water Corporation (PRMW), with institutional investors hold 93.14% of the company’s shares. The shares outstanding are 159.48M, and float is at 153.41M with Short Float at 1.85%. Institutions hold 89.79% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 12.7 million shares valued at $159.26 million. The investor’s holdings represent 7.90% of the PRMW Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.4 million shares valued at $142.99 million to account for 7.09% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 8.89 million shares representing 5.53% and valued at over $111.42 million, while Fuller & Thaler Asset Management Inc. holds 4.93% of the shares totaling 7.92 million with a market value of $99.37 million.

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