PriceSmart, Inc. $PSMT Stock Holdings Decreased by London Co. of Virginia

London Co. of Virginia reduced its position in PriceSmart, Inc. (NASDAQ:PSMT) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 190,017 shares of the company’s stock after selling 8,336 shares during the quarter. London Co. of Virginia’s holdings in PriceSmart were worth $23,310,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its position in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after acquiring an additional 98 shares in the last quarter. CENTRAL TRUST Co purchased a new position in PriceSmart during the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its position in PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares in the last quarter. Osaic Holdings Inc. grew its position in PriceSmart by 57.2% during the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after purchasing an additional 179 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in PriceSmart by 27.4% during the third quarter. Parallel Advisors LLC now owns 516 shares of the company’s stock valued at $63,000 after purchasing an additional 111 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Price Performance

Shares of PriceSmart stock opened at $179.65 on Wednesday. The firm has a fifty day simple moving average of $163.72 and a 200-day simple moving average of $148.65. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 0.10. PriceSmart, Inc. has a 1-year low of $99.98 and a 1-year high of $183.19. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 35.43 and a beta of 0.78.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, April 8th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. PriceSmart had a net margin of 2.82% and a return on equity of 12.23%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.45 earnings per share. PriceSmart’s revenue for the quarter was up 9.7% on a year-over-year basis.

Insider Transactions at PriceSmart

In other news, Director Gordon H. Hanson sold 635 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $157.60, for a total value of $100,076.00. Following the completion of the sale, the director directly owned 8,149 shares in the company, valued at approximately $1,284,282.40. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edgar Zurcher sold 2,259 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $155.17, for a total transaction of $350,529.03. Following the completion of the sale, the director owned 8,151 shares of the company’s stock, valued at $1,264,790.67. The trade was a 21.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,232 shares of company stock worth $504,198. 17.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

PriceSmart Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.