Lombard Odier Asset Management Europe Ltd Has $7.46 Million Stock Holdings in PriceSmart, Inc. $PSMT

Lombard Odier Asset Management Europe Ltd grew its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 24.3% in the 4th quarter, HoldingsChannel reports. The firm owned 60,785 shares of the company’s stock after acquiring an additional 11,896 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in PriceSmart were worth $7,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PSMT. Maryland State Retirement & Pension System raised its holdings in PriceSmart by 2.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,699 shares of the company’s stock worth $454,000 after buying an additional 73 shares during the period. Parallel Advisors LLC lifted its position in shares of PriceSmart by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock valued at $72,000 after acquiring an additional 74 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in PriceSmart by 10.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock worth $101,000 after purchasing an additional 93 shares during the period. Hantz Financial Services Inc. grew its position in PriceSmart by 15.1% during the 4th quarter. Hantz Financial Services Inc. now owns 745 shares of the company’s stock worth $91,000 after purchasing an additional 98 shares in the last quarter. Finally, UMB Bank n.a. grew its position in PriceSmart by 76.0% during the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Down 0.0%

PSMT opened at $179.65 on Wednesday. The company has a market capitalization of $5.55 billion, a PE ratio of 35.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.29 and a quick ratio of 0.52. PriceSmart, Inc. has a fifty-two week low of $99.98 and a fifty-two week high of $183.19. The business has a 50-day moving average of $163.72 and a 200-day moving average of $148.65.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, April 8th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.57 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS.

Insiders Place Their Bets

In other news, Director Edgar Zurcher sold 2,259 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $155.17, for a total transaction of $350,529.03. Following the transaction, the director owned 8,151 shares in the company, valued at $1,264,790.67. This represents a 21.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of PriceSmart stock in a transaction on Friday, May 15th. The shares were sold at an average price of $158.56, for a total transaction of $53,593.28. Following the completion of the sale, the executive vice president directly owned 75,659 shares of the company’s stock, valued at approximately $11,996,491.04. The trade was a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,232 shares of company stock valued at $504,198 over the last ninety days. Corporate insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

PriceSmart Company 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.