Public Sector Pension Investment Board Sells 2,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Public Sector Pension Investment Board trimmed its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 53,367 shares of the company’s stock after selling 2,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in PriceSmart were worth $4,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of PriceSmart in the 2nd quarter worth approximately $28,000. Canada Pension Plan Investment Board bought a new stake in PriceSmart in the second quarter worth $32,000. GAMMA Investing LLC boosted its position in PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after buying an additional 181 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of PriceSmart in the second quarter worth about $40,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of PriceSmart in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 827 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the transaction, the executive vice president now owns 84,385 shares in the company, valued at $7,681,566.55. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Kovaleski sold 3,235 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 44,309 shares in the company, valued at approximately $3,986,037.64. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,290 shares of company stock valued at $1,476,009. Company insiders own 18.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday.

PriceSmart Price Performance

PSMT stock opened at $89.74 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $90.13 and its two-hundred day moving average price is $86.56. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 19.64 and a beta of 0.85. PriceSmart, Inc. has a 12-month low of $66.95 and a 12-month high of $94.82.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The business 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 posted $0.65 earnings per share. PriceSmart’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

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.