Jupiter Topco LLC Invests $2.38 Million in PriceSmart, Inc. $PSMT

Jupiter Topco LLC bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,197 shares of the company’s stock, valued at approximately $2,384,000.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after buying an additional 252 shares in the last quarter. UMB Bank n.a. increased its position in PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after acquiring an additional 98 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in PriceSmart in the 4th quarter valued at about $32,000. Bell Investment Advisors Inc acquired a new stake in PriceSmart in the 2nd quarter valued at about $40,000. Finally, Osaic Holdings Inc. raised its stake in shares of PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after acquiring an additional 179 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

PriceSmart Trading Up 0.0%

Shares of PSMT opened at $172.07 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12-month low of $107.21 and a 12-month high of $199.84. The firm has a market capitalization of $5.31 billion, a PE ratio of 33.03 and a beta of 0.76. The stock’s fifty day simple moving average is $184.77 and its 200-day simple moving average is $168.48.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.PriceSmart’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share.

Insider Buying and Selling at PriceSmart

In other news, Director Sherry S. Bahrambeygui sold 3,499 shares of PriceSmart stock in a transaction that occurred 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 completion of the sale, the director owned 32,150 shares in the company, valued at $6,345,767. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Beatriz V. Infante sold 800 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $195.98, for a total transaction of $156,784.00. Following the sale, the director directly owned 11,210 shares of the company’s stock, valued at approximately $2,196,935.80. This trade represents a 6.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,737 shares of company stock worth $1,506,176. Company insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PSMT. Weiss Ratings reiterated a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price target on shares of PriceSmart in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, PriceSmart currently has an average rating of “Buy” and an average target price of $198.00.

About PriceSmart

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.