Fisher Asset Management LLC Has $26.62 Million Stock Holdings in PriceSmart, Inc. $PSMT

Fisher Asset Management LLC raised its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 821.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,000 shares of the company’s stock after purchasing an additional 193,446 shares during the quarter. Fisher Asset Management LLC owned approximately 0.70% of PriceSmart worth $26,619,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in PriceSmart during the 4th quarter valued at $32,000. AlphaQuest LLC lifted its holdings in PriceSmart by 127.5% during the 3rd quarter. AlphaQuest LLC now owns 414 shares of the company’s stock valued at $50,000 after purchasing an additional 232 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in PriceSmart by 57.2% during the 2nd quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in PriceSmart by 124.2% during the 1st quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock valued at $59,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised PriceSmart from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, PriceSmart presently has an average rating of “Buy”.

Insider Transactions at PriceSmart

In other news, Director Edgar Zurcher sold 2,259 shares of PriceSmart stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $158.56, for a total value of $53,593.28. Following the completion of the transaction, the executive vice president directly owned 75,659 shares of the company’s stock, valued at approximately $11,996,491.04. This trade represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,232 shares of company stock valued at $504,198. 17.00% of the stock is currently owned by corporate insiders.

PriceSmart Stock Up 1.5%

PSMT opened at $167.15 on Wednesday. PriceSmart, Inc. has a fifty-two week low of $99.98 and a fifty-two week high of $167.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29. The company has a market capitalization of $5.16 billion, a P/E ratio of 32.97 and a beta of 0.77. The stock has a fifty day moving average of $155.63 and a 200-day moving average of $142.63.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, April 8th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis.

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.