Prudential Financial Inc. grew its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,632 shares of the company’s stock after buying an additional 270 shares during the period. Prudential Financial Inc.’s holdings in PriceSmart were worth $318,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of PriceSmart during the first quarter valued at about $135,000. Victory Capital Management Inc. increased its position in shares of PriceSmart by 23.8% during the first quarter. Victory Capital Management Inc. now owns 1,670 shares of the company’s stock valued at $154,000 after buying an additional 321 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of PriceSmart during the first quarter valued at about $160,000. Karp Capital Management Corp bought a new stake in shares of PriceSmart during the first quarter valued at about $246,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of PriceSmart by 477.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,836 shares of the company’s stock valued at $248,000 after buying an additional 2,345 shares during the period. Hedge funds and other institutional investors own 71.98% of the company’s stock.
Shares of PriceSmart, Inc. (PSMT) opened at 89.70 on Friday. The company has a market capitalization of $2.69 billion, a PE ratio of 29.32 and a beta of 1.26. The stock’s 50 day moving average price is $86.09 and its 200 day moving average price is $86.33. PriceSmart, Inc. has a 12 month low of $78.00 and a 12 month high of $94.40.
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PSMT has been the topic of several analyst reports. TheStreet cut PriceSmart from a “b” rating to a “c+” rating in a research report on Thursday, July 13th. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Ifs Securities initiated coverage on PriceSmart in a research report on Monday, September 25th. They set a “market perform” rating and a $85.00 price target on the stock. Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Roth Capital set a $102.00 price target on PriceSmart and gave the company a “buy” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $92.50.
In other news, Director Sherry S. Bahrambeygui sold 3,561 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $84.88, for a total value of $302,257.68. Following the transaction, the director now owns 125,374 shares of the company’s stock, valued at $10,641,745.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 28.00% of the stock is owned by company insiders.
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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