State of Alaska Department of Revenue Sells 422 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

State of Alaska Department of Revenue lessened its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,350 shares of the company’s stock after selling 422 shares during the quarter. State of Alaska Department of Revenue’s holdings in PriceSmart were worth $1,317,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of PriceSmart by 2.3% during the second quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock worth $592,000 after acquiring an additional 165 shares in the last quarter. GAMMA Investing LLC increased its holdings in PriceSmart by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of PriceSmart by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company’s stock worth $801,000 after purchasing an additional 183 shares during the last quarter. US Bancorp DE lifted its holdings in shares of PriceSmart by 5.2% in the first quarter. US Bancorp DE now owns 4,239 shares of the company’s stock valued at $356,000 after purchasing an additional 209 shares in the last quarter. Finally, Creative Planning boosted its position in shares of PriceSmart by 3.2% during the third quarter. Creative Planning now owns 7,720 shares of the company’s stock valued at $709,000 after buying an additional 236 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Trading Up 2.9 %

Shares of PSMT stock opened at $85.45 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.49 and a current ratio of 1.22. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.70 and a beta of 0.85. PriceSmart, Inc. has a 52-week low of $64.41 and a 52-week high of $94.82. The company has a 50-day simple moving average of $89.87 and a two-hundred day simple moving average of $85.64.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. Research analysts anticipate that PriceSmart, Inc. will post 5.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Insider Activity

In related news, EVP Francisco Velasco sold 670 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $89.05, for a total value of $59,663.50. Following the transaction, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at approximately $7,076,803.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.60% of the company’s stock.

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.