PriceSmart, Inc. $PSMT Stock Holdings Increased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 539.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,990 shares of the company’s stock after purchasing an additional 111,362 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.43% of PriceSmart worth $19,864,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Progeny 3 Inc. purchased a new position in shares of PriceSmart in the third quarter worth approximately $27,825,000. Invesco Ltd. lifted its position in shares of PriceSmart by 54.7% in the 2nd quarter. Invesco Ltd. now owns 551,566 shares of the company’s stock valued at $57,936,000 after acquiring an additional 194,980 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of PriceSmart by 821.3% in the 4th quarter. Fisher Asset Management LLC now owns 217,000 shares of the company’s stock valued at $26,619,000 after acquiring an additional 193,446 shares in the last quarter. Victory Capital Management Inc. boosted its stake in PriceSmart by 37.0% in the 3rd quarter. Victory Capital Management Inc. now owns 651,499 shares of the company’s stock worth $78,955,000 after purchasing an additional 175,806 shares during the period. Finally, Millennium Management LLC boosted its stake in PriceSmart by 5,150.6% in the 3rd quarter. Millennium Management LLC now owns 114,936 shares of the company’s stock worth $13,929,000 after purchasing an additional 112,747 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Insider Transactions at PriceSmart

In related news, Director Gordon H. Hanson sold 635 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $157.60, for a total value of $100,076.00. Following the transaction, the director owned 8,149 shares in the company, valued at approximately $1,284,282.40. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Francisco Velasco sold 338 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $158.56, for a total value of $53,593.28. Following the completion of the transaction, the executive vice president owned 75,659 shares in the company, valued at $11,996,491.04. This represents 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 in the last three months. Corporate insiders own 17.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of 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, Based on data from MarketBeat.com, PriceSmart currently has an average rating of “Buy”.

PriceSmart Stock Performance

Shares of NASDAQ PSMT opened at $182.02 on Friday. PriceSmart, Inc. has a one year low of $99.98 and a one year high of $183.19. The firm has a market capitalization of $5.62 billion, a PE ratio of 35.90 and a beta of 0.78. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $165.32 and a two-hundred day moving average price of $149.68.

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

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.