Sei Investments Co. Increases Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Sei Investments Co. boosted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 39.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,423 shares of the company’s stock after buying an additional 8,633 shares during the period. Sei Investments Co.’s holdings in PriceSmart were worth $2,470,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of PriceSmart by 20.4% in the second quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock worth $88,175,000 after buying an additional 184,252 shares during the period. LSV Asset Management lifted its position in shares of PriceSmart by 938.5% during the first quarter. LSV Asset Management now owns 181,971 shares of the company’s stock worth $15,286,000 after purchasing an additional 164,449 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PriceSmart by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock valued at $251,533,000 after purchasing an additional 141,920 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of PriceSmart by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock valued at $106,311,000 after purchasing an additional 35,390 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in shares of PriceSmart in the first quarter worth about $2,673,000. 80.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

PriceSmart Stock Up 3.5 %

Shares of NASDAQ:PSMT opened at $92.64 on Friday. The business’s 50 day moving average is $87.60 and its 200 day moving average is $84.33. The stock has a market cap of $2.84 billion, a P/E ratio of 22.49 and a beta of 0.84. PriceSmart, Inc. has a 52-week low of $61.82 and a 52-week high of $93.18. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. Sell-side analysts predict that PriceSmart, Inc. will post 4.64 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sherry S. Bahrambeygui sold 9,500 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $84.37, for a total value of $801,515.00. Following the completion of the sale, the director now owns 61,216 shares in the company, valued at approximately $5,164,793.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $84.37, for a total transaction of $801,515.00. Following the sale, the director now owns 61,216 shares of the company’s stock, valued at approximately $5,164,793.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 1,298 shares of PriceSmart stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total value of $112,926.00. Following the completion of the transaction, the executive vice president now owns 81,751 shares in the company, valued at $7,112,337. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,904 shares of company stock worth $1,806,714 in the last three months. Corporate insiders own 18.60% of the company’s stock.

PriceSmart Company 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.