Boston Trust Walden Corp cut its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT – Free Report) by 11.6% in the first quarter, Holdings Channel reports. The fund owned 228,204 shares of the company’s stock after selling 30,046 shares during the period. Boston Trust Walden Corp’s holdings in PriceSmart were worth $34,345,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in PSMT. UMB Bank n.a. grew its holdings in shares of PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares during the last quarter. CENTRAL TRUST Co acquired a new position in PriceSmart in the fourth quarter valued at about $32,000. Geneos Wealth Management Inc. grew its stake in PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after buying an additional 252 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in PriceSmart by 45,600.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock worth $56,000 after buying an additional 456 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of PriceSmart by 57.2% during the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.
Insider Activity
In other PriceSmart news, Director Edgar Zurcher sold 2,259 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $155.17, for a total transaction of $350,529.03. Following the completion of the sale, the director directly owned 8,151 shares of the company’s stock, valued at approximately $1,264,790.67. The trade was a 21.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gordon H. Hanson sold 635 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $157.60, for a total transaction of $100,076.00. Following the completion of the transaction, the director directly owned 8,149 shares in the company, valued at $1,284,282.40. This trade represents a 7.23% decrease in their position. 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 90 days. 17.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on PSMT
PriceSmart Price Performance
Shares of PSMT stock opened at $197.90 on Friday. PriceSmart, Inc. has a 1 year low of $101.30 and a 1 year high of $199.41. 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 firm’s 50 day moving average is $172.24 and its 200-day moving average is $154.33. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 39.03 and a beta of 0.76.
PriceSmart (NASDAQ:PSMT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 8th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.05. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS.
PriceSmart Company 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.
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