Cwm LLC Has $165,000 Position in Perimeter Solutions, SA (NYSE:PRM)

Cwm LLC raised its position in Perimeter Solutions, SA (NYSE:PRM) by 22.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,251 shares of the company’s stock after purchasing an additional 2,276 shares during the period. Cwm LLC’s holdings in Perimeter Solutions were worth $165,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Senator Investment Group LP increased its position in shares of Perimeter Solutions by 0.5% in the 2nd quarter. Senator Investment Group LP now owns 2,125,000 shares of the company’s stock valued at $16,639,000 after buying an additional 10,700 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Perimeter Solutions by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after acquiring an additional 698,622 shares in the last quarter. Wellington Management Group LLP increased its holdings 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 worth $7,137,000 after acquiring an additional 97,372 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Perimeter Solutions by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company’s stock worth $3,992,000 after purchasing an additional 21,012 shares during the period. Finally, Maverick Capital Ltd. lifted its holdings in shares of Perimeter Solutions by 239.3% during the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock valued at $1,781,000 after purchasing an additional 160,432 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Stock Performance

PRM opened at $13.19 on Thursday. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -57.35 and a beta of 2.02. The business’s 50-day moving average price is $12.13 and its two-hundred day moving average price is $9.43. Perimeter Solutions, SA has a 1 year low of $2.79 and a 1 year high of $13.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.61 and a quick ratio of 1.87.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. Perimeter Solutions had a positive return on equity of 2.94% and a negative net margin of 14.12%. The business had revenue of $127.28 million for the quarter, compared to analyst estimates of $113.41 million. During the same quarter last year, the firm earned ($0.05) EPS. Equities analysts expect that Perimeter Solutions, SA will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group increased their target price on Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley increased their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th.

Perimeter Solutions Company Profile

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.