American Century Companies Inc. grew its stake in PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) by 274.6% in the first quarter, HoldingsChannel reports. The fund owned 212,345 shares of the company's stock after acquiring an additional 155,658 shares during the period. American Century Companies Inc.'s holdings in PriceSmart were worth $16,748,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of PSMT. Bank of New York Mellon Corp lifted its holdings in PriceSmart by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 301,840 shares of the company's stock worth $23,806,000 after buying an additional 4,066 shares in the last quarter. State of Tennessee Treasury Department increased its position in PriceSmart by 20.5% in the first quarter. State of Tennessee Treasury Department now owns 16,134 shares of the company's stock worth $1,272,000 after purchasing an additional 2,747 shares during the period. JPMorgan Chase & Co. raised its holdings in PriceSmart by 175.0% during the 1st quarter. JPMorgan Chase & Co. now owns 103,697 shares of the company's stock worth $8,178,000 after purchasing an additional 65,984 shares during the last quarter. WINTON GROUP Ltd lifted its position in PriceSmart by 17.2% during the 1st quarter. WINTON GROUP Ltd now owns 15,770 shares of the company's stock valued at $1,244,000 after purchasing an additional 2,317 shares during the period. Finally, Profund Advisors LLC bought a new position in shares of PriceSmart in the 1st quarter valued at about $264,000. 80.08% of the stock is currently owned by institutional investors and hedge funds.
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Analyst Ratings Changes
Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Tuesday, July 19th.
Insider Activity at PriceSmart
In other PriceSmart news, Director Robert E. Price sold 13,200 shares of PriceSmart stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $72.93, for a total transaction of $962,676.00. Following the transaction, the director now directly owns 677,643 shares in the company, valued at $49,420,503.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other PriceSmart news, Director Robert E. Price sold 13,200 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $72.93, for a total transaction of $962,676.00. Following the sale, the director now directly owns 677,643 shares in the company, valued at approximately $49,420,503.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Price sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $65.93, for a total transaction of $659,300.00. Following the completion of the transaction, the director now owns 616,033 shares of the company's stock, valued at approximately $40,615,055.69. The disclosure for this sale can be found here. Insiders sold a total of 70,719 shares of company stock worth $4,973,263 in the last quarter. Corporate insiders own 20.90% of the company's stock.
PriceSmart Trading Down 0.7 %
NASDAQ:PSMT opened at $63.87 on Wednesday. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.59 and a beta of 0.70. PriceSmart, Inc. has a 1-year low of $63.14 and a 1-year high of $88.30. The business's 50-day moving average price is $67.44 and its two-hundred day moving average price is $73.76. The company has a current ratio of 1.30, a quick ratio of 0.50 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT – Get Rating) last released its quarterly earnings data on Monday, July 11th. The company reported $0.62 earnings per share for the quarter. PriceSmart had a net margin of 2.55% and a return on equity of 10.65%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.87 million. During the same quarter last year, the firm earned $0.73 EPS. PriceSmart's quarterly revenue was up 15.1% compared to the same quarter last year.
PriceSmart Profile
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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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Want to see what other hedge funds are holding PSMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PriceSmart, Inc. (NASDAQ:PSMT – Get Rating).
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