Eaton Vance Management Has $3,388,000 Stake in PriceSmart Inc. (PSMT)
Eaton Vance Management held its position in shares of PriceSmart Inc. (NASDAQ:PSMT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,212 shares of the company’s stock at the end of the second quarter. Eaton Vance Management owned approximately 0.12% of PriceSmart worth $3,388,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of PSMT. Victory Capital Management Inc. boosted its position in shares of PriceSmart by 76.4% in the second quarter. Victory Capital Management Inc. now owns 1,150 shares of the company’s stock valued at $108,000 after buying an additional 498 shares during the period. Princeton Alpha Management LP bought a new position in shares of PriceSmart during the second quarter valued at $210,000. Wesbanco Bank Inc. bought a new position in shares of PriceSmart during the second quarter valued at $291,000. Pacad Investment Ltd. bought a new position in shares of PriceSmart during the first quarter valued at $364,000. Finally, Quantitative Investment Management LLC bought a new position in shares of PriceSmart during the second quarter valued at $374,000. Institutional investors and hedge funds own 73.01% of the company’s stock.
PriceSmart Inc. (NASDAQ:PSMT) traded down 0.84% during midday trading on Tuesday, hitting $81.87. The stock had a trading volume of 55,743 shares. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 27.96 and a beta of 1.42. PriceSmart Inc. has a 52 week low of $68.51 and a 52 week high of $98.49. The firm has a 50 day moving average of $82.06 and a 200 day moving average of $84.49.
PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, July 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.15. PriceSmart had a net margin of 3.07% and a return on equity of 15.08%. The business had revenue of $704.30 million for the quarter. During the same quarter in the previous year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts predict that PriceSmart Inc. will post $2.87 EPS for the current year.
Several equities analysts have weighed in on PSMT shares. Roth Capital restated a “buy” rating on shares of PriceSmart in a research note on Friday, June 10th. Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $71.00.
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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