State of Alaska Department of Revenue Has $1.28 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

State of Alaska Department of Revenue lowered its position in shares of PriceSmart, Inc. (NASDAQ:PSMTFree Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,257 shares of the company’s stock after selling 145 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of PriceSmart worth $1,281,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 worth $251,533,000 after acquiring an additional 141,920 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of PriceSmart during the 4th quarter worth about $605,000. Capstone Investment Advisors LLC lifted its holdings in shares of PriceSmart by 28.9% during the 4th quarter. Capstone Investment Advisors LLC now owns 5,407 shares of the company’s stock valued at $410,000 after buying an additional 1,212 shares during the last quarter. TFO Wealth Partners LLC grew its stake in shares of PriceSmart by 30,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after buying an additional 909 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in PriceSmart by 4.6% in the fourth quarter. TD Asset Management Inc now owns 24,800 shares of the company’s stock worth $1,879,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PSMT. StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 12th. Jefferies Financial Group upped their price objective on shares of PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

Get Our Latest Stock Report on PSMT

Insider Buying and Selling

In other news, Director Edgar Zurcher sold 1,075 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $79.08, for a total value of $85,011.00. Following the sale, the director now directly owns 8,822 shares of the company’s stock, valued at $697,643.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Gordon H. Hanson sold 937 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $79.86, for a total transaction of $74,828.82. Following the completion of the transaction, the director now directly owns 7,969 shares in the company, valued at $636,404.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edgar Zurcher sold 1,075 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $79.08, for a total value of $85,011.00. Following the completion of the sale, the director now directly owns 8,822 shares of the company’s stock, valued at $697,643.76. The disclosure for this sale can be found here. Insiders have sold 27,200 shares of company stock worth $2,260,293 in the last quarter. 18.60% of the stock is currently owned by company insiders.

PriceSmart Stock Down 0.9 %

Shares of PSMT stock opened at $78.22 on Wednesday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 19.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The stock’s 50 day simple moving average is $82.35 and its 200 day simple moving average is $80.58. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $87.99.

PriceSmart (NASDAQ:PSMTGet Free Report) last issued its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $1.25 earnings per share. PriceSmart’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts predict that PriceSmart, Inc. will post 4.64 EPS for the current year.

PriceSmart Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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