MetLife Investment Advisors LLC grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 42.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,820 shares of the company’s stock after purchasing an additional 4,444 shares during the period. MetLife Investment Advisors LLC’s holdings in PriceSmart were worth $1,200,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Northern Trust Corp lifted its stake in PriceSmart by 2.8% during the 2nd quarter. Northern Trust Corp now owns 341,337 shares of the company’s stock worth $30,891,000 after acquiring an additional 9,283 shares in the last quarter. First Hawaiian Bank acquired a new position in PriceSmart during the 3rd quarter worth about $380,000. Zebra Capital Management LLC acquired a new position in PriceSmart during the 2nd quarter worth about $458,000. Thornburg Investment Management Inc. lifted its stake in PriceSmart by 2.8% during the 3rd quarter. Thornburg Investment Management Inc. now owns 158,513 shares of the company’s stock worth $12,832,000 after acquiring an additional 4,250 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in PriceSmart by 4.8% during the 3rd quarter. Wells Fargo & Company MN now owns 304,354 shares of the company’s stock worth $24,637,000 after acquiring an additional 14,046 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ PSMT opened at $62.08 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.48 and a debt-to-equity ratio of 0.12. PriceSmart, Inc. has a 1-year low of $55.53 and a 1-year high of $94.45. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 25.55 and a beta of 1.08.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. PriceSmart had a return on equity of 12.07% and a net margin of 2.35%. The company had revenue of $777.87 million for the quarter, compared to the consensus estimate of $776.30 million. On average, research analysts expect that PriceSmart, Inc. will post 2.7 earnings per share for the current fiscal year.
In other PriceSmart news, CEO Jose Luis Laparte sold 22,058 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $69.19, for a total transaction of $1,526,193.02. Following the sale, the chief executive officer now owns 187,054 shares in the company, valued at approximately $12,942,266.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Price sold 10,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $66.45, for a total value of $664,500.00. Following the sale, the director now owns 80 shares in the company, valued at approximately $5,316. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,053 shares of company stock worth $6,535,108. 27.10% of the stock is owned by company insiders.
Separately, BidaskClub lowered PriceSmart from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $90.50.
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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 August 31, 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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