Matrix Capital Management Company LP Has $90.45 Million Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Matrix Capital Management Company LP lessened its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,725,000 shares of the company's stock after selling 737,500 shares during the period. Perimeter Solutions accounts for approximately 4.3% of Matrix Capital Management Company LP's investment portfolio, making the stock its 3rd biggest position. Matrix Capital Management Company LP owned about 4.60% of Perimeter Solutions worth $90,451,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock worth $14,708,000 after buying an additional 698,622 shares during the last quarter. FMR LLC boosted its stake in shares of Perimeter Solutions by 2,993.1% during the 3rd quarter. FMR LLC now owns 307,426 shares of the company's stock worth $4,135,000 after acquiring an additional 297,487 shares in the last quarter. Pennant Select LLC lifted its stake in Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company's stock valued at $10,948,000 after buying an additional 239,000 shares in the last quarter. Maverick Capital Ltd. raised its holdings in Perimeter Solutions by 239.3% in the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock valued at $1,781,000 after acquiring an additional 160,432 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Perimeter Solutions during the 3rd quarter worth $945,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Stock Down 3.3 %

Shares of Perimeter Solutions stock traded down $0.44 during midday trading on Wednesday, reaching $12.81. 643,375 shares of the company's stock traded hands, compared to its average volume of 758,628. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -11.73 and a beta of 1.93. Perimeter Solutions, SA has a 52 week low of $3.84 and a 52 week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The company's 50 day simple moving average is $13.12 and its 200 day simple moving average is $10.66.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. During the same period in the prior year, the firm posted $0.31 earnings per share. Equities analysts expect that Perimeter Solutions, SA will post 0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the transaction, the director now owns 173,449 shares of the company's stock, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haitham Khouri sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total value of $964,000.00. Following the sale, the chief executive officer now owns 429,989 shares in the company, valued at approximately $5,181,367.45. This trade represents a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PRM has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. UBS Group raised their price objective 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.

Perimeter Solutions 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.