Cwm LLC Boosts Stock Position in PriceSmart, Inc. $PSMT

Cwm LLC boosted its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 24.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,068 shares of the company’s stock after purchasing an additional 408 shares during the period. Cwm LLC’s holdings in PriceSmart were worth $217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PSMT. KLP Kapitalforvaltning AS raised its stake in shares of PriceSmart by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the company’s stock valued at $588,000 after buying an additional 100 shares during the period. GAMMA Investing LLC raised its stake in shares of PriceSmart by 13.0% in the second quarter. GAMMA Investing LLC now owns 888 shares of the company’s stock valued at $93,000 after buying an additional 102 shares during the period. CHICAGO TRUST Co NA raised its stake in shares of PriceSmart by 5.0% in the second quarter. CHICAGO TRUST Co NA now owns 2,393 shares of the company’s stock valued at $251,000 after buying an additional 115 shares during the period. First Horizon Advisors Inc. raised its stake in shares of PriceSmart by 24.3% in the first quarter. First Horizon Advisors Inc. now owns 654 shares of the company’s stock valued at $57,000 after buying an additional 128 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of PriceSmart by 19.3% in the first quarter. Smartleaf Asset Management LLC now owns 853 shares of the company’s stock valued at $73,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PSMT. Wall Street Zen upgraded PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $122.93 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. PriceSmart, Inc. has a 52-week low of $81.25 and a 52-week high of $125.48. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 25.93 and a beta of 0.83. The business’s fifty day moving average is $116.71 and its 200 day moving average is $109.05.

Insiders Place Their Bets

In related news, EVP Francisco Velasco sold 550 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $122.82, for a total transaction of $67,551.00. Following the sale, the executive vice president directly owned 80,548 shares in the company, valued at approximately $9,892,905.36. The trade was a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Mccleary sold 9,754 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $110.62, for a total value of $1,078,987.48. Following the completion of the transaction, the executive vice president owned 47,082 shares in the company, valued at $5,208,210.84. This represents a 17.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.