Taylor Wealth Management Partners Lowers stake in Primo Water Corporation (PRMW)

Primo Water Corporation (PRMW) : Taylor Wealth Management Partners reduced its stake in Primo Water Corporation by 0.02% during the most recent quarter end. The investment management company now holds a total of 511,140 shares of Primo Water Corporation which is valued at $5,453,864 after selling 125 shares in Primo Water Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Primo Water Corporation makes up approximately 2.59% of Taylor Wealth Management Partners’s portfolio.

Primo Water Corporation closed down -0.05 points or -0.47% at $10.62 with 1,18,770 shares getting traded on Monday. Post opening the session at $10.67, the shares hit an intraday low of $10.29 and an intraday high of $10.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Creative Planning sold out all of its stake in PRMW during the most recent quarter. The investment firm sold 1,000 shares of PRMW which is valued $10,920.

On the company’s financial health, Primo Water Corporation reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $0.02. The company had revenue of $31.50 million for the quarter, compared to analysts expectations of $30.33 million. The company’s revenue was up 6.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Primo Water Corporation. Company shares were Reiterated by Barrington Research on Mar 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 10 from a previous price target of $9.50 .

Primo Water Corporation is a provider of multi-gallon purified bottled water self-service refill water and water dispensers. The Company’s products provide a solution for consuming purified and filtered water. It provides retailers throughout the United States and Canada with single-vendor solutions for Exchange and Refill services. Its Exchange solution offers retailers financial margins and the ability to optimize typically unused retail space with its displays. Its Refill solution provides filtered water through the installation and servicing of reverse osmosis water filtration systems in the back room of the retailer’s store location which minimizes the usage of the customer’s retail space. The Company has two operational segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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