Cibc World Markets Lowered Its Ugi New Com (UGI) Position by $6.24 Million; As Primo Wtr (PRMW) Share Value Declined, 12 West Capital Management LP Has Decreased Its Stake

February 18, 2018 - By Stephen Andrade

12 West Capital Management Lp decreased its stake in Primo Wtr Corp (PRMW) by 36.2% based on its latest 2017Q3 regulatory filing with the SEC. 12 West Capital Management Lp sold 311,759 shares as the company’s stock declined 24.55% while stock markets rallied. The hedge fund held 549,424 shares of the food distributors company at the end of 2017Q3, valued at $6.51M, down from 861,183 at the end of the previous reported quarter. 12 West Capital Management Lp who had been investing in Primo Wtr Corp for a number of months, seems to be less bullish one the $381.79 million market cap company. The stock increased 2.33% or $0.29 during the last trading session, reaching $12.72. About 121,957 shares traded. Primo Water Corporation (NASDAQ:PRMW) has declined 3.15% since February 18, 2017 and is downtrending. It has underperformed by 19.85% the S&P500.




Cibc World Markets Corp decreased its stake in Ugi Corp New Com (UGI) by 84.43% based on its latest 2017Q3 regulatory filing with the SEC. Cibc World Markets Corp sold 135,550 shares as the company’s stock rose 1.31% with the market. The institutional investor held 25,000 shares of the natural gas distribution company at the end of 2017Q3, valued at $1.17M, down from 160,550 at the end of the previous reported quarter. Cibc World Markets Corp who had been investing in Ugi Corp New Com for a number of months, seems to be less bullish one the $7.56B market cap company. The stock decreased 0.18% or $0.08 during the last trading session, reaching $43.7. About 1.05M shares traded or 18.00% up from the average. UGI Corporation (NYSE:UGI) has risen 12.89% since February 18, 2017 and is uptrending. It has underperformed by 3.81% the S&P500.

Since August 15, 2017, it had 0 insider buys, and 2 insider sales for $291,887 activity. 1.00 million shares were sold by PRIM BILLY D, worth $12.16M.

Among 5 analysts covering Primo Water (NASDAQ:PRMW), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Primo Water had 9 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 7 by Northland Capital. The firm earned “Buy” rating on Monday, November 6 by FBR Capital. Barrington Research downgraded the stock to “Market Perform” rating in Friday, October 30 report. As per Tuesday, December 29, the company rating was upgraded by Barrington Research. Northland Capital maintained Primo Water Corporation (NASDAQ:PRMW) on Tuesday, October 3 with “Buy” rating. The firm has “Outperform” rating by Barrington Research given on Tuesday, October 11. Zacks upgraded Primo Water Corporation (NASDAQ:PRMW) rating on Wednesday, August 5. Zacks has “Hold” rating and $7.25 target.

Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.19, from 1.59 in 2017Q2. It worsened, as 9 investors sold PRMW shares while 21 reduced holdings. 15 funds opened positions while 27 raised stakes. 18.85 million shares or 8.74% more from 17.33 million shares in 2017Q2 were reported. Parametric Port Ltd stated it has 0% in Primo Water Corporation (NASDAQ:PRMW). Carroll holds 0% or 800 shares. Redmond Asset Mgmt Ltd Liability Co holds 0.27% or 49,413 shares. Us Comml Bank De owns 12,947 shares. Kayne Anderson Capital Lp stated it has 0.02% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Teton Advsrs reported 13,060 shares or 0.01% of all its holdings. Moreover, Manufacturers Life Insur The has 0% invested in Primo Water Corporation (NASDAQ:PRMW). Cortina Asset Mngmt Limited Com invested in 576,841 shares or 0.28% of the stock. Voya Llc holds 0% or 14,347 shares in its portfolio. Timpani Cap Mngmt Limited Liability stated it has 0.29% of its portfolio in Primo Water Corporation (NASDAQ:PRMW). Vanguard Group holds 1.15M shares or 0% of its portfolio. Royal Fincl Bank Of Canada stated it has 0% in Primo Water Corporation (NASDAQ:PRMW). Citigroup Inc has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Wedge Capital Management L Ltd Partnership Nc has 43,600 shares. New York-based Kings Point Cap has invested 0.11% in Primo Water Corporation (NASDAQ:PRMW).

Analysts await Primo Water Corporation (NASDAQ:PRMW) to report earnings on March, 21. They expect $0.02 earnings per share, up 112.50% or $0.18 from last year’s $-0.16 per share. PRMW’s profit will be $600,292 for 159.00 P/E if the $0.02 EPS becomes a reality. After $0.14 actual earnings per share reported by Primo Water Corporation for the previous quarter, Wall Street now forecasts -85.71% negative EPS growth.

Cibc World Markets Corp, which manages about $10.42B US Long portfolio, upped its stake in Accenture Plc Ireland Shs Class A (NYSE:ACN) by 5,274 shares to 92,901 shares, valued at $12.55 million in 2017Q3, according to the filing. It also increased its holding in Consolidated Edison Inc Com (NYSE:ED) by 48,367 shares in the quarter, for a total of 91,525 shares, and has risen its stake in Ford Mtr Co Del Com Par $0.01 (NYSE:F).

Among 5 analysts covering UGI Corp (NYSE:UGI), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. UGI Corp had 13 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, December 20 with “Hold”. Jefferies maintained UGI Corporation (NYSE:UGI) on Thursday, August 31 with “Hold” rating. Zacks upgraded UGI Corporation (NYSE:UGI) on Wednesday, August 5 to “Hold” rating. Jefferies maintained UGI Corporation (NYSE:UGI) on Monday, October 16 with “Hold” rating. The rating was downgraded by Zacks to “Buy” on Saturday, August 8. The stock has “Neutral” rating by Janney Capital on Thursday, May 26. The stock of UGI Corporation (NYSE:UGI) earned “Underweight” rating by Barclays Capital on Monday, June 20. On Friday, April 29 the stock rating was downgraded by Janney Capital to “Neutral”. The rating was maintained by Citigroup with “Neutral” on Wednesday, May 4. The company was maintained on Friday, November 10 by Barclays Capital.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.06, from 0.98 in 2017Q2. It is positive, as 33 investors sold UGI shares while 115 reduced holdings. 38 funds opened positions while 116 raised stakes. 131.63 million shares or 1.06% less from 133.03 million shares in 2017Q2 were reported. Connor Clark & Lunn Invest Mgmt Limited stated it has 0.01% of its portfolio in UGI Corporation (NYSE:UGI). Northwestern Mutual Wealth Mgmt reported 0% of its portfolio in UGI Corporation (NYSE:UGI). Franklin Resource owns 29,065 shares. Dimensional Fund Advisors Lp, a Texas-based fund reported 1.05 million shares. Advsrs Asset Management Inc invested in 23,565 shares. Glenmede Tru Commerce Na owns 65,470 shares or 0.01% of their US portfolio. Comerica Bankshares holds 224,176 shares. Cipher Cap LP invested 0.15% of its portfolio in UGI Corporation (NYSE:UGI). Canada Pension Plan Invest Board stated it has 647,908 shares. Pnc Financial Group Inc invested in 0% or 86,261 shares. Tiaa Cref Invest Mgmt Ltd Liability Corp accumulated 405,479 shares. Plante Moran Fincl Advsrs Llc holds 118 shares. Sabal Tru holds 0.03% in UGI Corporation (NYSE:UGI) or 7,200 shares. Price T Rowe Assocs Md has invested 0% in UGI Corporation (NYSE:UGI). Next Financial Grp reported 0.02% of its portfolio in UGI Corporation (NYSE:UGI).

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