Wealth Enhancement Advisory Services LLC Acquires New Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,831 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of PriceSmart by 536.7% in the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock worth $29,000 after acquiring an additional 263 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in PriceSmart during the 4th quarter valued at $53,000. Smartleaf Asset Management LLC raised its holdings in PriceSmart by 393.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock valued at $65,000 after buying an additional 570 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock valued at $80,000 after buying an additional 865 shares during the last quarter. Finally, State of Wyoming bought a new stake in PriceSmart during the 4th quarter valued at $165,000. 80.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Saturday, May 31st.

PriceSmart Trading Down 1.9%

NASDAQ:PSMT opened at $105.45 on Monday. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $101.27 and a 200 day moving average of $93.94. The firm has a market capitalization of $3.24 billion, a P/E ratio of 23.23 and a beta of 0.81. PriceSmart, Inc. has a 52 week low of $77.65 and a 52 week high of $109.84.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 earnings per share. On average, research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Insider Buying and Selling

In other PriceSmart news, Director Edgar Zurcher sold 390 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total transaction of $40,084.20. Following the sale, the director now owns 9,279 shares in the company, valued at approximately $953,695.62. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Kovaleski sold 896 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $100.85, for a total transaction of $90,361.60. Following the sale, the executive vice president now owns 43,039 shares in the company, valued at approximately $4,340,483.15. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock worth $1,005,273 in the last quarter. Corporate insiders own 17.10% of the company’s stock.

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.