Zebra Capital Management LLC purchased a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,025 shares of the company’s stock, valued at approximately $564,000.
A number of other large investors have also bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its stake in shares of PriceSmart by 12.3% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 3,898,986 shares of the company’s stock worth $199,316,000 after acquiring an additional 427,907 shares in the last quarter. BlackRock Inc. boosted its stake in shares of PriceSmart by 1.5% during the 2nd quarter. BlackRock Inc. now owns 1,506,650 shares of the company’s stock worth $77,019,000 after acquiring an additional 22,392 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of PriceSmart by 38.8% during the 2nd quarter. Renaissance Technologies LLC now owns 560,400 shares of the company’s stock worth $28,648,000 after acquiring an additional 156,700 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of PriceSmart by 20.8% during the 1st quarter. Wells Fargo & Company MN now owns 521,569 shares of the company’s stock worth $30,710,000 after acquiring an additional 89,854 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of PriceSmart by 1.5% during the 2nd quarter. Bank of Montreal Can now owns 402,957 shares of the company’s stock worth $20,599,000 after acquiring an additional 5,937 shares in the last quarter. 72.50% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on PSMT. ValuEngine raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Scotiabank raised shares of PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 target price on the stock in a research note on Wednesday, July 17th. Finally, BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Saturday, August 24th.
PriceSmart stock traded down $0.97 during midday trading on Thursday, reaching $60.82. The company had a trading volume of 4,526 shares, compared to its average volume of 101,405. The company has a market capitalization of $1.96 billion, a P/E ratio of 25.07 and a beta of 0.98. PriceSmart, Inc. has a 12-month low of $48.06 and a 12-month high of $86.35. The firm’s fifty day simple moving average is $59.82 and its 200-day simple moving average is $57.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.28 and a quick ratio of 0.45.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, July 10th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.13. The firm had revenue of $788.56 million for the quarter, compared to analyst estimates of $792.96 million. PriceSmart had a net margin of 2.23% and a return on equity of 11.19%. PriceSmart’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS.
In other PriceSmart news, EVP Frank Ramon Diaz sold 1,000 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $61.68, for a total value of $61,680.00. Following the completion of the sale, the executive vice president now owns 10,155 shares in the company, valued at approximately $626,360.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Philanthropies Foundatio Price sold 10,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $51.04, for a total transaction of $510,400.00. Following the completion of the sale, the insider now owns 4,368,455 shares of the company’s stock, valued at approximately $222,965,943.20. The disclosure for this sale can be found here. Insiders sold a total of 61,818 shares of company stock worth $3,614,331 over the last ninety days. 27.10% of the stock is currently owned by corporate insiders.
PriceSmart Company Profile
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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