Amalgamated Bank Sells 278 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Amalgamated Bank lessened its holdings in PriceSmart, Inc. (NASDAQ:PSMTFree Report) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,419 shares of the company’s stock after selling 278 shares during the quarter. Amalgamated Bank’s holdings in PriceSmart were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of PSMT. American Century Companies Inc. grew its position in PriceSmart by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock valued at $88,175,000 after acquiring an additional 184,252 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PriceSmart by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after buying an additional 105,405 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of PriceSmart by 18.7% in the 3rd quarter. Copeland Capital Management LLC now owns 481,182 shares of the company’s stock worth $44,163,000 after buying an additional 75,896 shares during the period. LSV Asset Management lifted its holdings in shares of PriceSmart by 28.9% in the 2nd quarter. LSV Asset Management now owns 234,571 shares of the company’s stock worth $19,047,000 after buying an additional 52,600 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of PriceSmart by 179.1% in the 2nd quarter. AQR Capital Management LLC now owns 57,052 shares of the company’s stock worth $4,633,000 after buying an additional 36,614 shares during the period. Institutional investors own 80.46% of the company’s stock.

PriceSmart Trading Down 1.0 %

Shares of NASDAQ PSMT opened at $87.21 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The stock has a market capitalization of $2.68 billion, a P/E ratio of 19.08 and a beta of 0.85. PriceSmart, Inc. has a 1-year low of $66.79 and a 1-year high of $94.82. The business has a fifty day moving average price of $89.89 and a 200 day moving average price of $86.16.

PriceSmart (NASDAQ:PSMTGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Equities research analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

View Our Latest Stock Analysis on PSMT

Insider Activity at PriceSmart

In other news, EVP David R. Price sold 2,750 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total value of $253,660.00. Following the transaction, the executive vice president now directly owns 48,844 shares of the company’s stock, valued at approximately $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Francisco Velasco sold 670 shares of the stock in a transaction dated 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 directly owns 79,470 shares in the company, valued at $7,076,803.50. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,960 shares of company stock valued at $1,535,673 in the last ninety days. Corporate insiders own 18.60% of the company’s stock.

PriceSmart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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