10,673 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,673 shares of the company’s stock, valued at approximately $867,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG lifted its stake in PriceSmart by 2,132.7% in the 4th quarter. UBS Group AG now owns 88,015 shares of the company’s stock valued at $6,670,000 after purchasing an additional 84,073 shares during the last quarter. TD Asset Management Inc boosted its position in PriceSmart by 4.6% during the 4th quarter. TD Asset Management Inc now owns 24,800 shares of the company’s stock worth $1,879,000 after buying an additional 1,100 shares during the period. TFO Wealth Partners LLC grew its holdings in PriceSmart by 30,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after acquiring an additional 909 shares during the last quarter. Capstone Investment Advisors LLC increased its position in PriceSmart by 28.9% in the 4th quarter. Capstone Investment Advisors LLC now owns 5,407 shares of the company’s stock valued at $410,000 after acquiring an additional 1,212 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in PriceSmart during the 4th quarter worth $605,000. Institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Down 1.4 %

Shares of NASDAQ PSMT opened at $89.00 on Tuesday. PriceSmart, Inc. has a 52-week low of $61.82 and a 52-week high of $92.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The company’s 50 day moving average price is $87.16 and its 200-day moving average price is $83.83. The company has a market capitalization of $2.73 billion, a P/E ratio of 21.60 and a beta of 0.85.

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

Wall Street Analyst Weigh In

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

Insider Activity at PriceSmart

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 2,641 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $89.81, for a total value of $237,188.21. Following the completion of the sale, the director now directly owns 47,575 shares in the company, valued at $4,272,710.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sherry S. Bahrambeygui sold 2,641 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $89.81, for a total value of $237,188.21. Following the transaction, the director now directly owns 47,575 shares in the company, valued at approximately $4,272,710.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sherry S. Bahrambeygui sold 9,500 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $84.37, for a total transaction of $801,515.00. Following the transaction, the director now owns 61,216 shares in the company, valued at approximately $5,164,793.92. The disclosure for this sale can be found here. Insiders have sold 20,904 shares of company stock worth $1,806,714 in the last quarter. Company insiders own 18.60% of the company’s stock.

PriceSmart Company 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.