Two Sigma Investments LP Reduces Position in PriceSmart, Inc. (NASDAQ:PSMT)

Two Sigma Investments LP decreased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 57.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,310 shares of the company’s stock after selling 23,791 shares during the quarter. Two Sigma Investments LP owned about 0.06% of PriceSmart worth $1,595,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in PriceSmart by 536.7% in the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock valued at $29,000 after acquiring an additional 263 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of PriceSmart by 393.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock worth $65,000 after acquiring an additional 570 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of PriceSmart by 17,300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock worth $80,000 after acquiring an additional 865 shares during the last quarter. KBC Group NV increased its position in shares of PriceSmart by 49.0% during the fourth quarter. KBC Group NV now owns 1,159 shares of the company’s stock worth $107,000 after acquiring an additional 381 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in PriceSmart by 22.8% in the fourth quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock valued at $117,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Transactions at PriceSmart

In other news, Director Edgar Zurcher sold 390 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $102.78, for a total transaction of $40,084.20. Following the completion of the sale, the director now owns 9,279 shares in the company, valued at approximately $953,695.62. This represents a 4.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Fisher sold 3,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $102.21, for a total value of $306,630.00. Following the sale, the director now owns 13,011 shares of the company’s stock, valued at $1,329,854.31. This trade represents a 18.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,836 shares of company stock worth $1,005,273. Company insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised PriceSmart from a “hold” rating to a “buy” rating in a report on Saturday.

PriceSmart Stock Down 0.5%

NASDAQ:PSMT opened at $106.88 on Wednesday. The firm has a market capitalization of $3.29 billion, a PE ratio of 23.54 and a beta of 0.75. The stock has a 50 day moving average of $97.88 and a 200-day moving average of $92.90. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $109.19. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.06). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart 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.