PriceSmart, Inc. $PSMT Stock: Vest Financial LLC Decreases Position

Vest Financial LLC cut its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 6.3% during the 3rd quarter, Holdings Channel reports. The firm owned 50,487 shares of the company’s stock after selling 3,399 shares during the period. Vest Financial LLC’s holdings in PriceSmart were worth $8,538,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in PriceSmart by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 606 shares of the company’s stock valued at $102,000 after acquiring an additional 65 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of PriceSmart by 1,592.9% in the 3rd quarter. Fortitude Family Office LLC now owns 474 shares of the company’s stock worth $80,000 after buying an additional 446 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in shares of PriceSmart by 28.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,324 shares of the company’s stock valued at $562,000 after purchasing an additional 730 shares in the last quarter. GAMMA Investing LLC raised its holdings in PriceSmart by 9.9% in the third quarter. GAMMA Investing LLC now owns 1,815 shares of the company’s stock valued at $307,000 after buying an additional 164 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of PriceSmart by 252.4% in the third quarter. Farther Finance Advisors LLC now owns 726 shares of the company’s stock worth $123,000 after acquiring an additional 520 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

PSMT has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price target on shares of PriceSmart in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, PriceSmart currently has an average rating of “Buy” and an average price target of $198.00.

Insiders Place Their Bets

In related news, Director Sherry Bahrambeygui sold 3,499 shares of PriceSmart stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $197.38, for a total transaction of $690,632.62. Following the sale, the director owned 32,150 shares of the company’s stock, valued at $6,345,767. The trade was a 9.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Francisco Velasco sold 338 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $177.87, for a total transaction of $60,120.06. Following the completion of the transaction, the executive vice president owned 75,321 shares in the company, valued at $13,397,346.27. This represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,937 shares of company stock worth $1,349,392. Corporate insiders own 17.00% of the company’s stock.

PriceSmart Stock Up 0.0%

Shares of NASDAQ:PSMT opened at $171.59 on Friday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 32.93 and a beta of 0.73. The company has a 50 day moving average of $171.72 and a two-hundred day moving average of $173.74. PriceSmart, Inc. has a 52-week low of $111.68 and a 52-week high of $199.84. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

About PriceSmart

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.