Legato Capital Management LLC bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,427 shares of the company’s stock, valued at approximately $306,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Citigroup Inc. grew its holdings in shares of PriceSmart by 18.5% during the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after buying an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of PriceSmart by 16.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after buying an additional 206 shares in the last quarter. SG Americas Securities LLC purchased a new position in PriceSmart in the first quarter valued at about $135,000. Ameritas Investment Partners Inc. grew its stake in PriceSmart by 12.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after purchasing an additional 210 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in PriceSmart by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 73.68% of the company’s stock.
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PriceSmart, Inc. (PSMT) traded down $0.35 during trading on Monday, reaching $79.95. The company’s stock had a trading volume of 68,500 shares, compared to its average volume of 120,356. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40. The firm has a market cap of $2,420.00, a PE ratio of 26.83 and a beta of 1.33. PriceSmart, Inc. has a 12-month low of $78.00 and a 12-month high of $94.00.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $733.50 million during the quarter, compared to the consensus estimate of $733.64 million. PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. sell-side analysts expect that PriceSmart, Inc. will post 3.2 earnings per share for the current year.
In other news, EVP John D. Hildebrandt sold 1,614 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total value of $134,720.58. Following the transaction, the executive vice president now owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jose Luis Laparte sold 12,772 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $82.58, for a total value of $1,054,711.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,286 shares of company stock worth $2,981,476. Company insiders own 28.00% of the company’s stock.
A number of research analysts have commented on the company. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Roth Capital reaffirmed a “buy” rating and issued a $100.00 price target on shares of PriceSmart in a research report on Monday, October 2nd. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Ifs Securities began coverage on PriceSmart in a research report on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $92.50.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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