Linden Thomas Advisory Services LLC Buys New Holdings in PriceSmart, Inc. $PSMT

Linden Thomas Advisory Services LLC purchased a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT) in the 2nd quarter, Holdings Channel reports. The firm purchased 7,819 shares of the company’s stock, valued at approximately $821,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of PriceSmart by 68.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,759 shares of the company’s stock worth $418,000 after purchasing an additional 1,928 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in PriceSmart by 7.7% in the first quarter. Illinois Municipal Retirement Fund now owns 13,290 shares of the company’s stock valued at $1,168,000 after buying an additional 952 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in PriceSmart by 19.3% during the 1st quarter. New York State Teachers Retirement System now owns 10,785 shares of the company’s stock worth $947,000 after buying an additional 1,742 shares during the last quarter. Kendall Capital Management boosted its position in shares of PriceSmart by 9.8% during the 1st quarter. Kendall Capital Management now owns 11,485 shares of the company’s stock worth $1,009,000 after acquiring an additional 1,025 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of PriceSmart by 24.3% during the 1st quarter. First Horizon Advisors Inc. now owns 654 shares of the company’s stock worth $57,000 after acquiring an additional 128 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $123.15 on Monday. The stock has a market cap of $3.79 billion, a P/E ratio of 25.98 and a beta of 0.83. PriceSmart, Inc. has a twelve month low of $81.25 and a twelve month high of $125.48. The stock has a 50 day moving average of $116.24 and a two-hundred day moving average of $108.58. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised PriceSmart from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, EVP Michael Mccleary sold 9,754 shares of PriceSmart stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $110.62, for a total value of $1,078,987.48. Following the transaction, the executive vice president directly owned 47,082 shares in the company, valued at approximately $5,208,210.84. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 550 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $122.82, for a total transaction of $67,551.00. Following the sale, the executive vice president owned 80,548 shares of the company’s stock, valued at $9,892,905.36. This trade represents a 0.68% decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is owned by corporate insiders.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.