PriceSmart, Inc. $PSMT Stock Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 12.1% during the third quarter, HoldingsChannel reports. The fund owned 137,902 shares of the company’s stock after selling 19,027 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in PriceSmart were worth $23,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bell Investment Advisors Inc acquired a new position in PriceSmart during the 2nd quarter valued at $40,000. Northwestern Mutual Wealth Management Co. acquired a new stake in PriceSmart in the 2nd quarter worth $67,000. Caitong International Asset Management Co. Ltd grew its position in PriceSmart by 45,600.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock worth $56,000 after purchasing an additional 456 shares during the last quarter. State of Wyoming acquired a new stake in PriceSmart in the 2nd quarter worth $92,000. Finally, Fortitude Family Office LLC increased its holdings in shares of PriceSmart by 1,592.9% during the 3rd quarter. Fortitude Family Office LLC now owns 474 shares of the company’s stock worth $80,000 after purchasing an additional 446 shares during the period. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 target price on shares of PriceSmart in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, PriceSmart presently has an average rating of “Buy” and an average target price of $198.00.

Insiders Place Their Bets

In related news, EVP Francisco Velasco sold 338 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the transaction, the executive vice president directly owned 75,321 shares in the company, valued at approximately $13,397,346.27. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sherry Bahrambeygui sold 3,499 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $197.38, for a total value of $690,632.62. Following the completion of the transaction, the director directly owned 32,150 shares of the company’s stock, valued at approximately $6,345,767. This trade represents a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,937 shares of company stock valued at $1,349,392 over the last 90 days. 17.00% of the stock is currently owned by corporate insiders.

PriceSmart Price Performance

Shares of NASDAQ:PSMT opened at $171.59 on Friday. PriceSmart, Inc. has a 1-year low of $111.68 and a 1-year high of $199.84. The firm has a market capitalization of $5.30 billion, a PE ratio of 32.92 and a beta of 0.73. The business’s 50 day moving average is $171.72 and its 200-day moving average is $173.74. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08.

About PriceSmart

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.