1 day Ago By ABMN Staff
Arizona State Retirement System reduced its stake in shares of Perimeter Solutions, SA ( NYSE:PRM – Free Report ) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,759 shares of the company’s stock after selling 1,130 shares during the period.
Arizona State Retirement System’s holdings in Perimeter Solutions were worth $303,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also modified their holdings of PRM. Pennant Select LLC acquired a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $2,645,000.
Wellington Management Group LLP grew its position in shares of Perimeter Solutions by 6.7% in the fourth quarter. Wellington Management Group LLP now owns 1,551,489 shares of the company’s stock valued at $7,137,000 after purchasing an additional 97,372 shares during the last quarter.
Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Perimeter Solutions in the first quarter valued at about $423,000.
Simplicity Wealth LLC bought a new stake in shares of Perimeter Solutions in the first quarter valued at about $138,000. Finally, Pennant Investors LP lifted its stake in shares of Perimeter Solutions by 43.8% in the fourth quarter.
Pennant Investors LP now owns 2,300,000 shares of the company’s stock valued at $10,580,000 after buying an additional 700,000 shares during the period. 89.93% of the stock is currently owned by hedge funds and other institutional investors.
Perimeter Solutions Stock Up 2.3 % Shares of PRM opened at $12.33 on Wednesday.
The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -53.61 and a beta of 2.
00. The company has a quick ratio of 1.87, a current ratio of 3.
61 and a debt-to-equity ratio of 0.63. Perimeter Solutions, SA has a 12 month low of $2.
79 and a 12 month high of $12.59. The company has a 50-day moving average price of $10.
15 and a two-hundred day moving average price of $8.29. Wall Street Analysts Forecast Growth Several research firms recently weighed in on PRM.
Morgan Stanley increased their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday.
UBS Group increased their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th.
Get Our Latest Research Report 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.
Further Reading Want to see what other hedge funds are holding PRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perimeter Solutions, SA ( NYSE:PRM – Free Report ). Receive News & Ratings for Perimeter Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perimeter Solutions and related companies with MarketBeat.
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