Hsbc Holdings PLC Purchases 1,562 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Hsbc Holdings PLC boosted its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 21.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,010 shares of the company’s stock after acquiring an additional 1,562 shares during the quarter. Hsbc Holdings PLC’s holdings in PriceSmart were worth $726,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of PriceSmart by 2.3% in the second quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock worth $592,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC raised its position in PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 181 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of PriceSmart by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company’s stock valued at $801,000 after acquiring an additional 183 shares during the last quarter. US Bancorp DE boosted its holdings in shares of PriceSmart by 5.2% during the 1st quarter. US Bancorp DE now owns 4,239 shares of the company’s stock valued at $356,000 after acquiring an additional 209 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of PriceSmart by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock worth $1,841,000 after acquiring an additional 292 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Stock Up 2.0 %

PSMT stock opened at $91.31 on Monday. The business’s 50-day moving average is $87.22 and its two-hundred day moving average is $84.02. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 22.16 and a beta of 0.85. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $92.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

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

Insider Buying and Selling

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total transaction of $801,515.00. Following the completion of the sale, the director now owns 61,216 shares of the company’s stock, valued at $5,164,793.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PriceSmart news, Director Sherry S. Bahrambeygui sold 2,641 shares of PriceSmart stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $89.81, for a total transaction of $237,188.21. Following the transaction, the director now owns 47,575 shares of the company’s stock, valued at $4,272,710.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherry S. Bahrambeygui sold 9,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $84.37, for a total transaction of $801,515.00. Following the completion of the transaction, the director now owns 61,216 shares of the company’s stock, valued at $5,164,793.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,904 shares of company stock valued at $1,806,714. 18.60% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.