Lasalle Street Capital Management buys $371,873 stake in Primoris Services Corp (PRIM)

Primoris Services Corp (PRIM) : Lasalle Street Capital Management scooped up 327 additional shares in Primoris Services Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 19,791 shares of Primoris Services Corp which is valued at $371,873.Primoris Services Corp makes up approximately 0.34% of Lasalle Street Capital Management’s portfolio.

Other Hedge Funds, Including , Lasalle Street Capital Management boosted its stake in PRIM in the latest quarter, The investment management firm added 327 additional shares and now holds a total of 19,791 shares of Primoris Services Corp which is valued at $371,873. Primoris Services Corp makes up approx 0.34% of Lasalle Street Capital Management’s portfolio. Creative Planning added PRIM to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,954.Gw&k Investment Management reduced its stake in PRIM by selling 51,581 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 1,325,958 shares of PRIM which is valued at $25,909,219. Primoris Services Corp makes up approx 0.53% of Gw&k Investment Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PRIM in the latest quarter, The investment management firm added 2,342 additional shares and now holds a total of 2,523 shares of Primoris Services Corp which is valued at $48,971. Kistler-tiffany Companies added PRIM to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $272.

Primoris Services Corp closed down -0.02 points or -0.11% at $18.79 with 2,78,985 shares getting traded on Wednesday. Post opening the session at $18.85, the shares hit an intraday low of $18.35 and an intraday high of $18.85 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Primoris Services Corp reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.06. The company had revenue of $430.40 million for the quarter, compared to analysts expectations of $424.75 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Primoris Services Corporation is a holding company. Through its subsidiaries the Company operates as a specialty construction and infrastructure company. It provides construction fabrication maintenance replacement water and wastewater and engineering services to public utilities petrochemical companies energy companies municipalities state departments of transportation and other customers. It operates in three segments: the West Construction Services segment (West segment) the East Construction Services segment (East segment) and the Energy segment. It installs replaces repairs and rehabilitates natural gas refined product water and wastewater pipeline systems; large diameter gas and liquid pipeline facilities; and heavy civil projects earthwork and site development. It constructs mechanical facilities and other structures including power plants petrochemical facilities refineries water and wastewater treatment facilities and parking structures.

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