Swiss National Bank increased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,400 shares of the company's stock after purchasing an additional 4,200 shares during the quarter. Swiss National Bank owned approximately 0.19% of PriceSmart worth $4,606,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of PriceSmart by 421.3% during the first quarter. Quadrant Capital Group LLC now owns 391 shares of the company's stock worth $31,000 after purchasing an additional 316 shares in the last quarter. Signaturefd LLC grew its position in shares of PriceSmart by 463.9% during the first quarter. Signaturefd LLC now owns 406 shares of the company's stock worth $32,000 after purchasing an additional 334 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of PriceSmart by 43.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 862 shares of the company's stock worth $63,000 after purchasing an additional 260 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of PriceSmart by 55.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the company's stock worth $80,000 after purchasing an additional 362 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of PriceSmart by 687.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,906 shares of the company's stock worth $139,000 after purchasing an additional 1,664 shares in the last quarter. Hedge funds and other institutional investors own 77.00% of the company's stock.
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Insider Transactions at PriceSmart
In other news, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $65.93, for a total value of $659,300.00. Following the completion of the transaction, the director now owns 616,033 shares in the company, valued at approximately $40,615,055.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $65.93, for a total value of $659,300.00. Following the completion of the transaction, the director now owns 616,033 shares in the company, valued at approximately $40,615,055.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Chong Jesus Von sold 719 shares of PriceSmart stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $66.73, for a total value of $47,978.87. Following the completion of the transaction, the executive vice president now owns 26,939 shares of the company's stock, valued at approximately $1,797,639.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,719 shares of company stock worth $4,973,263. 20.90% of the stock is currently owned by company insiders.
PriceSmart Stock Performance
NASDAQ PSMT opened at $66.18 on Friday. The stock has a market capitalization of $2.05 billion, a PE ratio of 20.30 and a beta of 0.70. The business has a 50 day simple moving average of $67.92 and a two-hundred day simple moving average of $73.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.30 and a quick ratio of 0.50. PriceSmart, Inc. has a 1-year low of $63.14 and a 1-year high of $88.30.
PriceSmart (NASDAQ:PSMT – Get Rating) last released its quarterly earnings results on Monday, July 11th. The company reported $0.62 earnings per share for the quarter. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $951.87 million. PriceSmart had a return on equity of 10.65% and a net margin of 2.55%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS.
Analysts Set New Price Targets
Separately, StockNews.com upgraded PriceSmart from a "hold" rating to a "buy" rating in a report on Tuesday, July 19th.
About PriceSmart
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PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services.
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