Public Sector Pension Investment Board Decreases Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Public Sector Pension Investment Board lessened its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,367 shares of the company’s stock after selling 2,000 shares during the quarter. Public Sector Pension Investment Board owned 0.17% of PriceSmart worth $4,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in PSMT. Price T Rowe Associates Inc. MD increased its stake in shares of PriceSmart by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,384 shares of the company’s stock worth $2,469,000 after purchasing an additional 899 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of PriceSmart in the first quarter valued at $780,000. GAMMA Investing LLC grew its stake in shares of PriceSmart by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 181 shares during the period. CWM LLC increased its holdings in PriceSmart by 496.2% in the 2nd quarter. CWM LLC now owns 1,252 shares of the company’s stock worth $102,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in PriceSmart in the 2nd quarter valued at about $1,202,000. 80.46% of the stock is currently owned by institutional investors.

PriceSmart Trading Down 0.2 %

NASDAQ:PSMT opened at $89.74 on Monday. The company has a market cap of $2.75 billion, a P/E ratio of 19.64 and a beta of 0.85. PriceSmart, Inc. has a 1 year low of $66.95 and a 1 year high of $94.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The stock’s fifty day moving average price is $90.13 and its two-hundred day moving average price is $86.56.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.07). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

Insider Activity at PriceSmart

In related news, CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $89.62, for a total transaction of $358,480.00. Following the completion of the sale, the chief financial officer now owns 62,141 shares of the company’s stock, valued at approximately $5,569,076.42. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Kovaleski sold 3,235 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total value of $291,020.60. Following the completion of the transaction, the executive vice president now owns 44,309 shares in the company, valued at $3,986,037.64. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,290 shares of company stock valued at $1,476,009. Corporate insiders own 18.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Saturday.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.