Primecap Management Co. CA Sells 49,300 Shares of Perimeter Solutions, SA (NYSE:PRM)

Primecap Management Co. CA decreased its holdings in Perimeter Solutions, SA (NYSE:PRMFree Report) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,928,351 shares of the company’s stock after selling 49,300 shares during the quarter. Primecap Management Co. CA’s holdings in Perimeter Solutions were worth $8,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Quadrant Capital Group LLC boosted its position in shares of Perimeter Solutions by 136.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock valued at $25,000 after buying an additional 3,198 shares during the last quarter. CWM LLC purchased a new stake in Perimeter Solutions in the fourth quarter worth approximately $44,000. Brown Advisory Inc. bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $49,000. Aigen Investment Management LP purchased a new position in shares of Perimeter Solutions during the 4th quarter valued at $77,000. Finally, Simplicity Solutions LLC increased its stake in Perimeter Solutions by 65.7% in the 4th quarter. Simplicity Solutions LLC now owns 18,914 shares of the company’s stock worth $87,000 after buying an additional 7,499 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

PRM stock traded down $0.09 during mid-day trading on Friday, hitting $7.58. The company had a trading volume of 534,313 shares, compared to its average volume of 688,320. The company has a quick ratio of 1.47, a current ratio of 3.79 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -32.96 and a beta of 1.97. Perimeter Solutions, SA has a 12-month low of $2.79 and a 12-month high of $8.18. The company has a 50-day moving average price of $7.31 and a 200 day moving average price of $5.64.

Perimeter Solutions (NYSE:PRMGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). The company had revenue of $59.04 million during the quarter, compared to analysts’ expectations of $55.00 million. Perimeter Solutions had a positive return on equity of 0.27% and a negative net margin of 7.26%. During the same quarter last year, the firm posted ($0.05) EPS. On average, research analysts anticipate that Perimeter Solutions, SA will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their price objective on Perimeter Solutions from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th.

Read Our Latest Stock Analysis on Perimeter Solutions

Perimeter Solutions Company Profile

(Free Report)

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.

See Also

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Institutional Ownership by Quarter for Perimeter Solutions (NYSE:PRM)

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