Wealth Enhancement Advisory Services LLC Has $418,000 Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Wealth Enhancement Advisory Services LLC increased its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 68.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,759 shares of the company’s stock after buying an additional 1,928 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PriceSmart were worth $418,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PSMT. Sterling Capital Management LLC boosted its position in PriceSmart by 536.7% during the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock worth $29,000 after purchasing an additional 263 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of PriceSmart in the fourth quarter valued at $53,000. Fifth Third Bancorp increased its holdings in shares of PriceSmart by 119.7% in the first quarter. Fifth Third Bancorp now owns 635 shares of the company’s stock valued at $56,000 after purchasing an additional 346 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of PriceSmart by 393.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock valued at $65,000 after purchasing an additional 570 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of PriceSmart in the fourth quarter valued at $165,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Jeffrey Fisher sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the sale, the director owned 11,011 shares of the company’s stock, valued at approximately $1,145,144. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon C. Janks sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $101.78, for a total transaction of $305,340.00. Following the completion of the sale, the director directly owned 33,734 shares of the company’s stock, valued at approximately $3,433,446.52. The trade was a 8.17% 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 valued at $1,005,273 in the last 90 days. 17.10% of the stock is currently owned by corporate insiders.

PriceSmart Price Performance

NASDAQ:PSMT opened at $106.61 on Monday. PriceSmart, Inc. has a one year low of $77.65 and a one year high of $109.84. The company has a market cap of $3.28 billion, a P/E ratio of 22.78 and a beta of 0.78. The firm’s fifty day moving average price is $104.79 and its two-hundred day moving average price is $95.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.46.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.06). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. PriceSmart had a net margin of 2.81% and a return on equity of 12.40%. PriceSmart’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Equities analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

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.