PriceSmart, Inc. $PSMT Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,197 shares of the company’s stock after selling 417 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PriceSmart were worth $336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of PriceSmart by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 131,194 shares of the company’s stock worth $11,525,000 after purchasing an additional 3,003 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of PriceSmart by 68.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,759 shares of the company’s stock valued at $418,000 after acquiring an additional 1,928 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of PriceSmart by 19.3% during the first quarter. New York State Teachers Retirement System now owns 10,785 shares of the company’s stock valued at $947,000 after acquiring an additional 1,742 shares during the last quarter. Dark Forest Capital Management LP increased its position in shares of PriceSmart by 665.0% during the first quarter. Dark Forest Capital Management LP now owns 38,711 shares of the company’s stock valued at $3,401,000 after acquiring an additional 33,651 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its position in shares of PriceSmart by 914.7% during the first quarter. New Age Alpha Advisors LLC now owns 53,900 shares of the company’s stock valued at $4,735,000 after acquiring an additional 48,588 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $121.08 on Thursday. The company has a fifty day simple moving average of $116.96 and a two-hundred day simple moving average of $109.25. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 25.54 and a beta of 0.83. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.07. PriceSmart, Inc. has a 52 week low of $81.25 and a 52 week high of $125.48.

Insider Buying and Selling at PriceSmart

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

Wall Street Analysts Forecast Growth

PSMT has been the subject of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, October 8th. Wall Street Zen raised PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.