SG Americas Securities LLC Decreases Stock Position in PriceSmart, Inc. $PSMT

SG Americas Securities LLC cut its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 50.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,374 shares of the company’s stock after selling 7,534 shares during the quarter. SG Americas Securities LLC’s holdings in PriceSmart were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Progeny 3 Inc. purchased a new position in shares of PriceSmart in the third quarter worth $27,825,000. Invesco Ltd. lifted its holdings in shares of PriceSmart by 54.7% during the second quarter. Invesco Ltd. now owns 551,566 shares of the company’s stock valued at $57,936,000 after purchasing an additional 194,980 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of PriceSmart by 821.3% during the fourth quarter. Fisher Asset Management LLC now owns 217,000 shares of the company’s stock valued at $26,619,000 after buying an additional 193,446 shares during the last quarter. Millennium Management LLC boosted its position in shares of PriceSmart by 5,150.6% during the third quarter. Millennium Management LLC now owns 114,936 shares of the company’s stock valued at $13,929,000 after buying an additional 112,747 shares during the last quarter. Finally, E. Ohman J or Asset Management AB increased its holdings in PriceSmart by 539.9% in the 1st quarter. E. Ohman J or Asset Management AB now owns 131,990 shares of the company’s stock worth $19,864,000 after buying an additional 111,362 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Stock Performance

Shares of PSMT stock opened at $197.90 on Friday. PriceSmart, Inc. has a 12-month low of $101.30 and a 12-month 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 stock has a market capitalization of $6.12 billion, a P/E ratio of 39.03 and a beta of 0.76.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other PriceSmart news, EVP Francisco Velasco sold 338 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $158.56, for a total transaction of $53,593.28. Following the completion of the sale, the executive vice president directly owned 75,659 shares in the company, valued at $11,996,491.04. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edgar Zurcher sold 2,259 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $155.17, for a total transaction of $350,529.03. Following the sale, the director directly owned 8,151 shares of the company’s stock, valued at $1,264,790.67. The trade was a 21.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,232 shares of company stock valued at $504,198 over the last 90 days. Company insiders own 17.00% of the company’s stock.

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.