M&T Bank Corp Sells 156 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

M&T Bank Corp lessened its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,256 shares of the company’s stock after selling 156 shares during the period. M&T Bank Corp’s holdings in PriceSmart were worth $286,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in PriceSmart in the 4th quarter valued at approximately $591,000. PNC Financial Services Group Inc. increased its stake in shares of PriceSmart by 157.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the company’s stock worth $286,000 after purchasing an additional 1,893 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of PriceSmart by 7.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,657 shares of the company’s stock worth $429,000 after purchasing an additional 326 shares in the last quarter. Swiss National Bank boosted its holdings in PriceSmart by 0.6% in the 4th quarter. Swiss National Bank now owns 51,200 shares of the company’s stock worth $4,719,000 after buying an additional 300 shares during the period. Finally, Cibc World Markets Corp bought a new position in PriceSmart in the 4th quarter worth $216,000. 80.46% of the stock is owned by institutional investors.

PriceSmart Price Performance

NASDAQ PSMT opened at $111.35 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. The firm’s 50 day moving average price is $105.58 and its 200-day moving average price is $95.90. PriceSmart, Inc. has a 52-week low of $80.27 and a 52-week high of $113.59. The company has a market cap of $3.42 billion, a PE ratio of 23.49 and a beta of 0.78.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, July 10th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. PriceSmart had a return on equity of 12.46% and a net margin of 2.82%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. Sell-side analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Saturday, July 5th.

Insider Buying and Selling

In other news, Director Jeffrey Fisher sold 3,000 shares of the business’s stock in a transaction that occurred 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 directly owned 13,011 shares of the company’s stock, valued at approximately $1,329,854.31. The trade was a 18.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edgar Zurcher sold 390 shares of the 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 completion of the sale, the director directly owned 9,279 shares in the company, valued at approximately $953,695.62. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,386 shares of company stock worth $1,063,743 over the last ninety days. 17.10% of the stock is currently owned by insiders.

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.