PriceSmart, Inc. $PSMT Shares Sold by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. lessened its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,638,619 shares of the company’s stock after selling 67,133 shares during the quarter. PriceSmart comprises approximately 10.0% of Black Creek Investment Management Inc.’s holdings, making the stock its 3rd largest position. Black Creek Investment Management Inc. owned approximately 5.32% of PriceSmart worth $201,009,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after buying an additional 252 shares during the period. UMB Bank n.a. lifted its holdings in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after buying an additional 98 shares during the period. CENTRAL TRUST Co acquired a new stake in shares of PriceSmart in the fourth quarter valued at $32,000. AlphaQuest LLC lifted its holdings in shares of PriceSmart by 127.5% in the third quarter. AlphaQuest LLC now owns 414 shares of the company’s stock valued at $50,000 after buying an additional 232 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Insider Activity at PriceSmart

In related news, Director Gordon H. Hanson sold 635 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $157.60, for a total transaction of $100,076.00. Following the transaction, the director directly owned 8,149 shares of the company’s stock, valued at approximately $1,284,282.40. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edgar Zurcher sold 2,259 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $155.17, for a total value of $350,529.03. Following the transaction, the director directly owned 8,151 shares in the company, valued at $1,264,790.67. The trade was a 21.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,232 shares of company stock valued at $504,198. Company insiders own 17.00% of the company’s stock.

PriceSmart Stock Up 1.1%

Shares of PriceSmart stock opened at $182.30 on Friday. The stock’s fifty day moving average is $162.63 and its 200-day moving average is $147.66. The firm has a market capitalization of $5.63 billion, a PE ratio of 35.96 and a beta of 0.78. The company has a quick ratio of 0.52, a current ratio of 1.29 and a debt-to-equity ratio of 0.10. PriceSmart, Inc. has a 12-month low of $99.98 and a 12-month high of $183.19.

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

About PriceSmart

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.