PriceSmart, Inc. $PSMT Shares Acquired by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC increased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 98.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,273 shares of the company’s stock after acquiring an additional 11,039 shares during the quarter. Coppell Advisory Solutions LLC owned about 0.07% of PriceSmart worth $2,369,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of PriceSmart during the 2nd quarter valued at approximately $28,000. Geneos Wealth Management Inc. grew its position in PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after acquiring an additional 252 shares during the period. Steward Partners Investment Advisory LLC increased its stake in PriceSmart by 52.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the last quarter. USA Financial Formulas purchased a new stake in PriceSmart in the second quarter valued at $53,000. Finally, Quarry LP purchased a new stake in PriceSmart in the first quarter valued at $49,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other PriceSmart news, EVP Francisco Velasco sold 550 shares of the company’s 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 in the company, valued at $9,892,905.36. This represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gordon H. Hanson sold 851 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $117.44, for a total value of $99,941.44. Following the transaction, the director directly owned 7,653 shares of the company’s stock, valued at approximately $898,768.32. This represents a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,706 shares of company stock valued at $1,467,980. 17.10% of the stock is currently owned by company insiders.

PriceSmart Stock Performance

NASDAQ PSMT opened at $128.52 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 0.57. The company has a market cap of $3.97 billion, a P/E ratio of 26.66 and a beta of 0.76. The stock has a 50-day moving average of $121.35 and a two-hundred day moving average of $113.72. PriceSmart, Inc. has a 1-year low of $81.25 and a 1-year high of $131.46.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.08). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. PriceSmart had a return on equity of 12.34% and a net margin of 2.81%.The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. As a group, analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

PSMT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded PriceSmart from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings lowered shares of PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

PriceSmart 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.