PriceSmart, Inc. $PSMT Stock Holdings Decreased by Swiss National Bank

Swiss National Bank lessened its position in PriceSmart, Inc. (NASDAQ:PSMT) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,900 shares of the company’s stock after selling 600 shares during the quarter. Swiss National Bank owned approximately 0.16% of PriceSmart worth $5,241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of PriceSmart during the second quarter valued at $28,000. Quarry LP acquired a new position in PriceSmart during the first quarter valued at $49,000. USA Financial Formulas acquired a new position in PriceSmart during the second quarter valued at $53,000. Finally, Advisors Asset Management Inc. lifted its stake in PriceSmart by 124.2% in the 1st quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock worth $59,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Buying and Selling at PriceSmart

In related news, EVP Paul Kovaleski sold 1,305 shares of PriceSmart stock in a transaction on Friday, November 14th. The shares were sold at an average price of $114.55, for a total value of $149,487.75. Following the completion of the sale, the executive vice president owned 43,109 shares of the company’s stock, valued at approximately $4,938,135.95. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Francisco Velasco sold 550 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $122.82, for a total value of $67,551.00. Following the transaction, the executive vice president owned 80,548 shares in the company, valued at approximately $9,892,905.36. This trade represents a 0.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,460 shares of company stock worth $2,546,968 in the last ninety days. Company insiders own 17.10% of the company’s stock.

PriceSmart Stock Down 0.2%

Shares of PriceSmart stock opened at $122.85 on Tuesday. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 25.92 and a beta of 0.84. The stock has a 50-day simple moving average of $120.11 and a 200-day simple moving average of $112.40. PriceSmart, Inc. has a 52-week low of $81.25 and a 52-week high of $126.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.28 and a quick ratio of 0.50.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.08). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. On average, equities research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PSMT has been the topic of several research analyst reports. Wall Street Zen cut PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday. Weiss Ratings restated a “buy (a-)” rating on shares of PriceSmart in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of “Strong Buy”.

About PriceSmart

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.