Truist Financial Corp Sells 283 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Truist Financial Corp lowered its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,360 shares of the company’s stock after selling 283 shares during the quarter. Truist Financial Corp’s holdings in PriceSmart were worth $354,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PSMT. American Century Companies Inc. boosted its holdings in PriceSmart by 20.4% in the second quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock worth $88,175,000 after acquiring an additional 184,252 shares in the last quarter. LSV Asset Management increased its position in PriceSmart by 938.5% in the first quarter. LSV Asset Management now owns 181,971 shares of the company’s stock worth $15,286,000 after buying an additional 164,449 shares in the last quarter. Vanguard Group Inc. grew its position in shares of PriceSmart by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock worth $251,533,000 after purchasing an additional 141,920 shares in the last quarter. AQR Capital Management LLC grew its holdings in PriceSmart by 179.1% during the 2nd quarter. AQR Capital Management LLC now owns 57,052 shares of the company’s stock valued at $4,633,000 after buying an additional 36,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in PriceSmart by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock valued at $106,311,000 after buying an additional 35,390 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, CFO Michael Mccleary sold 4,000 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 67,474 shares of the company’s stock, valued at $5,904,649.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Francisco Velasco sold 827 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the completion of the sale, the executive vice president now directly owns 84,385 shares of the company’s stock, valued at approximately $7,681,566.55. This trade represents a 0.00 % decrease in their position. 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 firm’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 sale, the chief financial officer now directly owns 67,474 shares of the company’s stock, valued at $5,904,649.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,497 shares of company stock valued at $484,985 in the last ninety days. Insiders own 18.60% of the company’s stock.

PriceSmart Price Performance

NASDAQ:PSMT opened at $93.24 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.63 and a beta of 0.84. PriceSmart, Inc. has a 1 year low of $61.82 and a 1 year high of $94.82. The business has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $84.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49.

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.