DekaBank Deutsche Girozentrale Has $342,000 Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

DekaBank Deutsche Girozentrale trimmed its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 38.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,280 shares of the company’s stock after selling 2,718 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in PriceSmart were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PSMT. Meeder Asset Management Inc. bought a new position in PriceSmart during the second quarter worth about $40,000. American Century Companies Inc. raised its position in shares of PriceSmart by 20.4% during the second quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock worth $88,175,000 after purchasing an additional 184,252 shares during the period. Headlands Technologies LLC lifted its holdings in shares of PriceSmart by 28.3% during the 2nd quarter. Headlands Technologies LLC now owns 2,260 shares of the company’s stock valued at $184,000 after purchasing an additional 498 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of PriceSmart by 1.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 22,262 shares of the company’s stock valued at $1,808,000 after purchasing an additional 344 shares during the period. Finally, Quest Partners LLC increased its stake in PriceSmart by 160.9% during the 2nd quarter. Quest Partners LLC now owns 8,230 shares of the company’s stock worth $668,000 after purchasing an additional 5,076 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $90.29 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 21.92 and a beta of 0.85. The stock’s 50-day moving average is $87.07 and its 200-day moving average is $83.78. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $92.76.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, July 10th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 EPS. Equities analysts predict that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 670 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $89.05, for a total value of $59,663.50. Following the completion of the transaction, the executive vice president now owns 79,470 shares of the company’s stock, valued at $7,076,803.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Francisco Velasco sold 670 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total transaction of $59,663.50. Following the completion of the transaction, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at $7,076,803.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total value of $350,040.00. Following the transaction, the chief financial officer now directly owns 67,474 shares in the company, valued at approximately $5,904,649.74. The disclosure for this sale can be found here. Insiders have sold a total of 20,904 shares of company stock valued at $1,806,714 over the last 90 days. 18.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

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.