Primo Brands Stock Has Plunged 42% in a Year, so What's Behind This Investor's Recent $45 Million Buy?

On February 17, 2026, Clearline Capital LP disclosed a significant buy of 2,410,410 shares of Primo Brands (NYSE:PRMB), an estimated $44.55 million trade based on quarterly average pricing. What happened According to a February 17, 2026, SEC filing, Clearline Capital LP bought 2,410,410 additional shares of Primo Brands during the fourth quarter. The estimated value of the trade was $44.55 million based on the average closing price over the quarter. As a result, the fund’s position value increased by $38 ...