Everence Capital Management Inc. Reduces Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Everence Capital Management Inc. lowered its position in PriceSmart, Inc. (NASDAQ:PSMT) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,730 shares of the company’s stock after selling 330 shares during the quarter. Everence Capital Management Inc.’s holdings in PriceSmart were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in PriceSmart by 227.3% during the 3rd quarter. Barclays PLC now owns 46,710 shares of the company’s stock valued at $4,287,000 after purchasing an additional 32,438 shares during the last quarter. Stifel Financial Corp grew its stake in shares of PriceSmart by 18.4% during the third quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock valued at $3,627,000 after buying an additional 6,137 shares during the last quarter. Managed Asset Portfolios LLC raised its holdings in shares of PriceSmart by 16.5% in the third quarter. Managed Asset Portfolios LLC now owns 81,635 shares of the company’s stock worth $7,493,000 after buying an additional 11,546 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of PriceSmart by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock worth $4,873,000 after acquiring an additional 503 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in PriceSmart by 20.0% during the 2nd quarter. Acadian Asset Management LLC now owns 63,940 shares of the company’s stock valued at $5,183,000 after acquiring an additional 10,673 shares during the period. Institutional investors own 80.46% of the company’s stock.

PriceSmart Price Performance

Shares of PSMT stock opened at $92.22 on Wednesday. The company has a market capitalization of $2.83 billion, a P/E ratio of 20.18 and a beta of 0.86. The company’s 50-day simple moving average is $91.18 and its two-hundred day simple moving average is $88.58. PriceSmart, Inc. has a one year low of $72.30 and a one year high of $99.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Insiders Place Their Bets

In other news, CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $89.62, for a total value of $358,480.00. Following the transaction, the chief financial officer now directly owns 62,141 shares in the company, valued at approximately $5,569,076.42. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 827 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares of the company’s stock, valued at $7,681,566.55. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,290 shares of company stock worth $1,476,009 in the last three months. Corporate insiders own 17.10% 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.