American Century Companies Inc. Sells 1,091,159 Shares of Perimeter Solutions, SA (NYSE:PRM)

American Century Companies Inc. lessened its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 48.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,146,820 shares of the company's stock after selling 1,091,159 shares during the period. American Century Companies Inc. owned approximately 0.73% of Perimeter Solutions worth $5,207,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Quarry LP acquired a new position in Perimeter Solutions during the 1st quarter valued at about $34,000. State of Wyoming acquired a new position in Perimeter Solutions during the 2nd quarter valued at about $45,000. Tower Research Capital LLC TRC increased its stake in Perimeter Solutions by 116.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,604 shares of the company's stock valued at $61,000 after buying an additional 4,090 shares during the period. Townsquare Capital LLC acquired a new position in Perimeter Solutions during the 4th quarter valued at about $92,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Perimeter Solutions during the 1st quarter valued at about $124,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group raised their price objective on shares of Perimeter Solutions from $6.50 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday.

Perimeter Solutions Stock Up 1.2 %

Shares of PRM stock traded up $0.09 during trading on Thursday, hitting $7.42. 988,060 shares of the company were exchanged, compared to its average volume of 842,335. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.91 and a current ratio of 4.56. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 18.28 and a beta of 1.94. The business's 50-day simple moving average is $5.60 and its 200 day simple moving average is $4.65. Perimeter Solutions, SA has a twelve month low of $2.79 and a twelve month high of $8.41.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $59.46 million during the quarter, compared to analysts' expectations of $45.00 million. Perimeter Solutions had a net margin of 20.95% and a return on equity of 1.78%. As a group, analysts forecast that Perimeter Solutions, SA will post 0.27 EPS for the current fiscal year.

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.