PriceSmart, Inc. (NASDAQ:PSMT) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 20.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,085,897 shares of the company’s stock after purchasing an additional 184,252 shares during the period. American Century Companies Inc.’s holdings in PriceSmart were worth $88,175,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP raised its holdings in PriceSmart by 201.5% during the 1st quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock worth $1,711,000 after buying an additional 13,614 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of PriceSmart in the first quarter worth approximately $2,673,000. Capstone Investment Advisors LLC raised its holdings in shares of PriceSmart by 249.0% during the first quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock valued at $1,585,000 after acquiring an additional 13,461 shares during the period. Simplicity Wealth LLC purchased a new stake in shares of PriceSmart in the 2nd quarter valued at approximately $1,202,000. Finally, LSV Asset Management boosted its stake in PriceSmart by 938.5% in the 1st 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 period. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Price Performance

Shares of PSMT opened at $89.76 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 21.79 and a beta of 0.85. The business’s 50-day moving average is $86.08 and its 200-day moving average is $83.58. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $92.76.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 1,298 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total value of $112,926.00. Following the transaction, the executive vice president now owns 81,751 shares in the company, valued at approximately $7,112,337. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PriceSmart news, EVP Francisco Velasco sold 1,298 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total value of $112,926.00. Following the transaction, the executive vice president now owns 81,751 shares in the company, valued at approximately $7,112,337. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael Mccleary sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total transaction of $350,040.00. Following the completion of the transaction, the chief financial officer now owns 67,474 shares in the company, valued at approximately $5,904,649.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,904 shares of company stock worth $1,806,714. 18.60% of the stock is currently owned by company insiders.

About PriceSmart

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.