Primoris Services
PRIM
130 hedge funds and large institutions have $854M invested in Primoris Services in 2016 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 35 increasing their positions, 52 reducing their positions, and 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
6% more funds holding
Funds holding: 123 → 130 (+7)
3.43% less ownership
Funds ownership: 75.8% → 72.38% (-3.4%)
14% less capital inflows, than outflows
Capital inflows: $91.5M | Capital outflows: $107M
33% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 52
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Eagle Asset Management
St Petersburg,
Florida
|
+$10M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$9.47M |
| 3 |
Next Century Growth Investors
Plymouth,
Minnesota
|
+$6.5M |
| 4 |
Pier Capital
Stamford,
Connecticut
|
+$5.37M |
| 5 |
BlackRock Fund Advisors
San Francisco,
California
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Frontier Capital Management
Boston,
Massachusetts
|
-$29.4M |
| 2 |
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$11.9M |
| 3 |
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$10.9M |
| 4 |
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$9.03M |
| 5 |
SG Capital Management
Chicago,
Illinois
|
-$5.32M |
PRIM Hedge Fund Activity: Q4 2016 in Review
130 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q4 2016, worth a combined $854M — up 5.6% from $808M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PRIM positions and 14 closed out — a net gain of 9 holders — while 35 added to existing stakes and 52 trimmed.
The largest buyer was Eagle Asset Management, adding an estimated $10M. The largest seller was Frontier Capital Management, cutting an estimated $29.4M.
- 130 institutional investors held Primoris Services (PRIM) as of Q4 2016, up from 123 in Q3 2016.
- Funds reported $854M of Primoris Services stock for Q4 2016, up 5.6% quarter-over-quarter.
- 23 funds opened new Primoris Services positions in Q4 2016 and 14 closed out, a net change of +9 holders.
- The largest Primoris Services buyer in Q4 2016 was Eagle Asset Management, an estimated $10M added.
- The largest Primoris Services seller in Q4 2016 was Frontier Capital Management, an estimated $29.4M sold.
Based on aggregated 13F filings for Q4 2016.