Fisher Asset Management LLC Increases Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Fisher Asset Management LLC grew its position in PriceSmart, Inc. (NASDAQ:PSMT) by 4.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,787 shares of the company’s stock after purchasing an additional 1,079 shares during the quarter. Fisher Asset Management LLC’s holdings in PriceSmart were worth $2,275,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PSMT. Price T Rowe Associates Inc. MD raised its holdings in PriceSmart by 3.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,384 shares of the company’s stock worth $2,469,000 after acquiring an additional 899 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of PriceSmart in the first quarter worth $780,000. GAMMA Investing LLC raised its stake in shares of PriceSmart by 76.4% in the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares during the last quarter. CWM LLC lifted its holdings in shares of PriceSmart by 496.2% during the second quarter. CWM LLC now owns 1,252 shares of the company’s stock valued at $102,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of PriceSmart during the second quarter valued at $1,202,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Trading Down 0.2 %

NASDAQ:PSMT opened at $89.74 on Friday. The company has a 50 day simple moving average of $90.14 and a two-hundred day simple moving average of $86.52. The company has a market cap of $2.75 billion, a PE ratio of 19.64 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12 month low of $66.95 and a 12 month high of $94.82.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. Research analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Insider Transactions at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 827 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares in the company, valued at $7,681,566.55. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total value of $358,480.00. Following the transaction, the chief financial officer now directly owns 62,141 shares in the company, valued at approximately $5,569,076.42. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,290 shares of company stock worth $1,476,009 in the last quarter. Company insiders own 18.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday.

PriceSmart Profile

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.