Kayne Anderson Capital Advisors LP Has Cut Primo Wtr (PRMW) Holding by $669,636; Northern Trust Holding in 3 (DDD) Lowered as Stock Price Rose




May 27, 2018 – By Marie Mckinney

Northern Trust Corp decreased its stake in 3 (DDD) by 6.33% based on its latest 2017Q4 regulatory filing with the SEC. Northern Trust Corp sold 111,463 shares as the company’s stock rose 20.90% while stock markets declined. The institutional investor held 1.65M shares of the prepackaged software company at the end of 2017Q4, valued at $14.25 million, down from 1.76M at the end of the previous reported quarter. Northern Trust Corp who had been investing in 3 for a number of months, seems to be less bullish one the $1.37 billion market cap company. The stock decreased 1.64% or $0.2 during the last trading session, reaching $12.02. About 997,970 shares traded. 3D Systems Corporation (NYSE:DDD) has declined 19.11% since May 27, 2017 and is downtrending. It has underperformed by 30.66% the S&P500.

Kayne Anderson Capital Advisors Lp decreased its stake in Primo Wtr Corp (PRMW) by 50.12% based on its latest 2017Q4 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp sold 55,803 shares as the company’s stock declined 7.74% with the market. The hedge fund held 55,541 shares of the food distributors company at the end of 2017Q4, valued at $697,000, down from 111,344 at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Primo Wtr Corp for a number of months, seems to be less bullish one the $568.66M market cap company. The stock decreased 1.67% or $0.27 during the last trading session, reaching $15.86. About 305,694 shares traded or 10.26% up from the average. Primo Water Corporation (NASDAQ:PRMW) has declined 14.42% since May 27, 2017 and is downtrending. It has underperformed by 25.97% the S&P500.

More recent Primo Water Corporation (NASDAQ:PRMW) news were published by: Globenewswire.com which released: “Primo Water Announces First Quarter 2018 Financial Results” on May 08, 2018. Also Seekingalpha.com published the news titled: “Primo Water Corp’s (PRMW) CEO Matthew Sheehan on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018. Nasdaq.com‘s news article titled: “Primo Announces Pricing of Follow-On Public Offering of Common Stock” with publication date: May 18, 2018 was also an interesting one.

Kayne Anderson Capital Advisors Lp, which manages about $18.02B and $7.86B US Long portfolio, upped its stake in Cheniere Energy Partners Lp (NYSEMKT:CQP) by 84,381 shares to 1.16 million shares, valued at $34.38M in 2017Q4, according to the filing. It also increased its holding in Plains Gp Hldgs LP by 802,067 shares in the quarter, for a total of 5.68M shares, and has risen its stake in Semgroup Corp (NYSE:SEMG).

Analysts await Primo Water Corporation (NASDAQ:PRMW) to report earnings on August, 14. They expect $0.08 earnings per share, up 214.29% or $0.15 from last year’s $-0.07 per share. PRMW’s profit will be $2.87 million for 49.56 P/E if the $0.08 EPS becomes a reality.

Investors sentiment increased to 1.65 in 2017 Q4. Its up 0.25, from 1.4 in 2017Q3. It increased, as 11 investors sold PRMW shares while 23 reduced holdings. 26 funds opened positions while 30 raised stakes. 19.33 million shares or 2.56% more from 18.85 million shares in 2017Q3 were reported. Parametric Portfolio Assoc Limited Liability Corporation has 0% invested in Primo Water Corporation (NASDAQ:PRMW). Westwood Mgmt Corporation Il has 70,000 shares for 0.12% of their portfolio. Us Bancshares De has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Morgan Stanley holds 147,293 shares. Moreover, Elk Creek Prns Ltd Com has 0.6% invested in Primo Water Corporation (NASDAQ:PRMW). Kings Point Cap Mgmt holds 0.14% or 51,300 shares. Vanguard Group Inc Inc reported 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Salem Counselors stated it has 3,774 shares or 0.01% of all its holdings. Grp Inc One Trading Lp invested in 45,886 shares or 0% of the stock. Los Angeles Capital Management And Equity Rech holds 0% or 52,940 shares. Trexquant Investment Ltd Partnership accumulated 0.02% or 16,549 shares. Tower Rech Capital Limited Liability (Trc) accumulated 1,569 shares. Royal Natl Bank Of Canada owns 726 shares. Brown Brothers Harriman & Communication invested in 0% or 57,496 shares. Florida-based Eagle Asset Mgmt has invested 0.03% in Primo Water Corporation (NASDAQ:PRMW).

Among 7 analysts covering Primo Water (NASDAQ:PRMW), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Primo Water had 13 analyst reports since August 5, 2015 according to SRatingsIntel. Northland Capital maintained it with “Buy” rating and $18.0 target in Tuesday, October 3 report. As per Thursday, May 24, the company rating was initiated by William Blair. The firm has “Market Perform” rating given on Thursday, May 24 by BMO Capital Markets. The firm has “Outperform” rating by Barrington Research given on Tuesday, October 11. The firm has “Outperform” rating given on Tuesday, December 29 by Barrington Research. On Friday, October 30 the stock rating was downgraded by Barrington Research to “Market Perform”. The firm has “Buy” rating by FBR Capital given on Monday, March 5. The rating was maintained by Northland Capital with “Buy” on Monday, August 7. The company was maintained on Monday, November 6 by FBR Capital. Zacks upgraded it to “Hold” rating and $7.25 target in Wednesday, August 5 report.

Since March 9, 2018, it had 3 insider buys, and 3 selling transactions for $281,162 activity. Mills David J also sold $260,589 worth of Primo Water Corporation (NASDAQ:PRMW) on Monday, May 7. Shares for $11,965 were bought by Hass David W. on Friday, March 9. Another trade for 85 shares valued at $1,020 was bought by Sheehan Matthew. The insider Kilgore Jack C. bought 1,120 shares worth $13,440.

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.42, from 1.41 in 2017Q3. It dived, as 34 investors sold DDD shares while 50 reduced holdings. 28 funds opened positions while 55 raised stakes. 71.68 million shares or 7.28% more from 66.82 million shares in 2017Q3 were reported. Moreover, Cambridge Inv Advisors Inc has 0.01% invested in 3D Systems Corporation (NYSE:DDD). Manufacturers Life Ins The, a Ontario – Canada-based fund reported 269,960 shares. Teacher Retirement System Of Texas owns 37,539 shares or 0% of their US portfolio. 347,039 are owned by Deutsche Comml Bank Ag. Barclays Public Ltd has invested 0% in 3D Systems Corporation (NYSE:DDD). 290,888 are held by Coatue Management Lc. Great West Life Assurance Can has 0% invested in 3D Systems Corporation (NYSE:DDD). Bancorporation Of Montreal Can holds 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 791,623 shares. Aqr Cap Management Lc holds 29,335 shares or 0% of its portfolio. State Treasurer State Of Michigan accumulated 40,900 shares or 0% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt System owns 16,631 shares for 0% of their portfolio. 1.96 million were accumulated by Vident Invest Advisory Ltd Liability Company. Hanson Mcclain holds 0% or 150 shares in its portfolio. Ny State Common Retirement Fund owns 138,290 shares or 0% of their US portfolio. State Street, Massachusetts-based fund reported 3.73M shares.

Northern Trust Corp, which manages about $394.86 billion US Long portfolio, upped its stake in Bank Montreal Que (NYSE:BMO) by 14,635 shares to 573,775 shares, valued at $45.91 million in 2017Q4, according to the filing. It also increased its holding in American Axle & Mfg Hldgs In (NYSE:AXL) by 188,957 shares in the quarter, for a total of 1.24M shares, and has risen its stake in Getty Rlty Corp New (NYSE:GTY).

Among 19 analysts covering 3D Systems Corporation (NYSE:DDD), 2 have Buy rating, 6 Sell and 11 Hold. Therefore 11% are positive. 3D Systems Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America downgraded the stock to “Underperform” rating in Wednesday, November 1 report. The firm earned “Sell” rating on Wednesday, November 8 by FBR Capital. Stifel Nicolaus maintained 3D Systems Corporation (NYSE:DDD) rating on Thursday, March 15. Stifel Nicolaus has “Hold” rating and $12 target. Longbow upgraded 3D Systems Corporation (NYSE:DDD) on Wednesday, July 29 to “Neutral” rating. The rating was maintained by Stifel Nicolaus on Friday, August 7 with “Hold”. FBR Capital maintained the stock with “Sell” rating in Thursday, March 15 report. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by J.P. Morgan on Friday, August 4. The rating was initiated by FBR Capital with “Market Perform” on Monday, October 3. On Sunday, August 9 the stock rating was maintained by Needham with “Buy”. The rating was initiated by Loop Capital Markets with “Hold” on Monday, July 24.

More recent 3D Systems Corporation (NYSE:DDD) news were published by: Seekingalpha.com which released: “Seadrill: Why ‘Bean Counting’ Works” on May 21, 2018. Also Globenewswire.com published the news titled: “3D Systems Reports First Quarter 2018 Financial Results” on May 02, 2018. 247Wallst.com‘s news article titled: “Fading Short Interest in 3D Printing Stocks” with publication date: May 25, 2018 was also an interesting one.

Since May 7, 2018, it had 1 insider buy, and 0 selling transactions for $166,727 activity.

Primo Water Corporation (NASDAQ:PRMW) Institutional Positions Chart

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