Weitz Investment Management Inc. Sells 217,209 Shares of Perimeter Solutions, SA (NYSE:PRM)

Weitz Investment Management Inc. decreased its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,107,291 shares of the company's stock after selling 217,209 shares during the quarter. Weitz Investment Management Inc. owned about 1.44% of Perimeter Solutions worth $26,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Perimeter Solutions in the third quarter valued at $52,000. McAdam LLC bought a new stake in shares of Perimeter Solutions during the fourth quarter valued at about $131,000. Orion Portfolio Solutions LLC bought a new stake in shares of Perimeter Solutions during the third quarter valued at about $138,000. Cibc World Markets Corp bought a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $160,000. Finally, Lingohr Asset Management GmbH purchased a new position in Perimeter Solutions during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Price Performance

NYSE PRM traded down $0.50 during trading on Friday, reaching $9.37. The company's stock had a trading volume of 1,388,000 shares, compared to its average volume of 888,451. The firm has a fifty day moving average of $10.60 and a 200 day moving average of $12.17. Perimeter Solutions, SA has a one year low of $6.84 and a one year high of $14.44. The stock has a market capitalization of $1.40 billion, a PE ratio of -66.89 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. Analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the sale, the director now owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Wednesday, March 26th.

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.