River Road Asset Management LLC lowered its stake in PriceSmart, Inc. (NASDAQ:PSMT – Free Report) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 719,400 shares of the company’s stock after selling 4,761 shares during the quarter. River Road Asset Management LLC’s holdings in PriceSmart were worth $88,249,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of PSMT. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PriceSmart by 2.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 170,686 shares of the company’s stock worth $20,939,000 after purchasing an additional 3,330 shares during the period. Corient Private Wealth LLC acquired a new position in PriceSmart in the 4th quarter valued at $249,000. Mercer Global Advisors Inc. ADV increased its stake in PriceSmart by 37.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,447 shares of the company’s stock valued at $300,000 after buying an additional 668 shares during the period. Susquehanna Portfolio Strategies LLC raised its position in PriceSmart by 258.9% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 19,195 shares of the company’s stock worth $2,355,000 after buying an additional 13,846 shares during the last quarter. Finally, Man Group plc raised its position in PriceSmart by 92.5% during the 4th quarter. Man Group plc now owns 32,250 shares of the company’s stock worth $3,956,000 after buying an additional 15,499 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.
PriceSmart Stock Performance
NASDAQ PSMT opened at $182.02 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $164.81 and its two-hundred day moving average is $149.45. PriceSmart, Inc. has a 12-month low of $99.98 and a 12-month high of $183.19. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 35.90 and a beta of 0.78.
Insider Buying and Selling
In other PriceSmart news, Director Edgar Zurcher sold 2,259 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $155.17, for a total value of $350,529.03. Following the completion of the sale, the director owned 8,151 shares of the company’s stock, valued at approximately $1,264,790.67. This trade represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Francisco Velasco sold 338 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $158.56, for a total transaction of $53,593.28. Following the sale, the executive vice president owned 75,659 shares in the company, valued at $11,996,491.04. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,232 shares of company stock valued at $504,198 over the last quarter. Company insiders own 17.00% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, PriceSmart currently has a consensus rating of “Buy”.
Check Out Our Latest Report on PriceSmart
PriceSmart Profile
PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.
The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.
Read More
- Five stocks we like better than PriceSmart
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding PSMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PriceSmart, Inc. (NASDAQ:PSMT – Free Report).
Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.
