Versor Investments LP Takes Position in PriceSmart, Inc. (NASDAQ:PSMT)

Versor Investments LP bought a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,457 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its position in PriceSmart by 1.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 9,921 shares of the company’s stock worth $711,000 after acquiring an additional 187 shares during the period. Los Angeles Capital Management LLC increased its position in PriceSmart by 2.7% during the second quarter. Los Angeles Capital Management LLC now owns 7,175 shares of the company’s stock worth $514,000 after acquiring an additional 190 shares during the period. Price T Rowe Associates Inc. MD increased its position in PriceSmart by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 45,160 shares of the company’s stock worth $3,235,000 after acquiring an additional 200 shares during the period. Great West Life Assurance Co. Can increased its position in PriceSmart by 1.0% during the first quarter. Great West Life Assurance Co. Can now owns 21,203 shares of the company’s stock worth $1,716,000 after acquiring an additional 218 shares during the period. Finally, Captrust Financial Advisors increased its position in PriceSmart by 9.0% during the first quarter. Captrust Financial Advisors now owns 2,712 shares of the company’s stock worth $214,000 after acquiring an additional 223 shares during the period. Institutional investors own 80.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 8th. TheStreet downgraded shares of PriceSmart from a “b-” rating to a “c+” rating in a research note on Friday, September 23rd. Finally, Scotiabank downgraded shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $96.00 to $77.00 in a research note on Tuesday, November 29th.

PriceSmart Stock Up 0.9 %

PSMT opened at $63.13 on Tuesday. PriceSmart, Inc. has a fifty-two week low of $56.29 and a fifty-two week high of $88.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.34 and a quick ratio of 0.53. The firm’s fifty day moving average price is $66.82 and its two-hundred day moving average price is $65.15. The company has a market capitalization of $1.96 billion, a P/E ratio of 18.68 and a beta of 0.80.

PriceSmart (NASDAQ:PSMT – Get Rating) last posted its quarterly earnings results on Tuesday, January 10th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. PriceSmart had a net margin of 2.57% and a return on equity of 10.85%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year.

Insider Activity

In other news, Director Robert E. Price sold 8,206 shares of the business’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $63.11, for a total value of $517,880.66. Following the sale, the director now owns 538,767 shares in the company, valued at approximately $34,001,585.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert E. Price sold 2,841 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $63.28, for a total transaction of $179,778.48. Following the transaction, the director now owns 532,870 shares in the company, valued at approximately $33,720,013.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert E. Price sold 8,206 shares of the company’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $63.11, for a total transaction of $517,880.66. Following the transaction, the director now owns 538,767 shares in the company, valued at approximately $34,001,585.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,421 shares of company stock worth $1,583,474. Corporate insiders own 17.40% of the company’s stock.

PriceSmart Company Profile

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PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell locally and regionally sourced goods, essential goods, direct-from-farm fresh produce, private label consumer products, prepared foods, and fresh-baked goods under the brand name Member's Selection.