XTX Topco Ltd Acquires 4,640 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

XTX Topco Ltd grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 167.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,405 shares of the company’s stock after purchasing an additional 4,640 shares during the period. XTX Topco Ltd’s holdings in PriceSmart were worth $601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Arizona State Retirement System increased its holdings in shares of PriceSmart by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock worth $592,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of PriceSmart by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company’s stock worth $801,000 after purchasing an additional 183 shares in the last quarter. US Bancorp DE increased its holdings in shares of PriceSmart by 5.2% in the 1st quarter. US Bancorp DE now owns 4,239 shares of the company’s stock worth $356,000 after purchasing an additional 209 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of PriceSmart by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock worth $1,841,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Down 1.4 %

PriceSmart stock opened at $89.00 on Tuesday. The stock has a market cap of $2.73 billion, a PE ratio of 21.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $92.76. The stock has a fifty day moving average of $87.16 and a 200 day moving average of $83.83.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $1.23 billion during 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%. PriceSmart’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 earnings per share. As a group, sell-side analysts predict that PriceSmart, Inc. will post 4.64 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity at PriceSmart

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total value of $801,515.00. Following the completion of the sale, the director now owns 61,216 shares in the company, valued at $5,164,793.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total value of $801,515.00. Following the completion of the sale, the director now owns 61,216 shares in the company, valued at $5,164,793.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sherry S. Bahrambeygui sold 2,641 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was 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 owns 47,575 shares of the company’s stock, valued at approximately $4,272,710.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,904 shares of company stock worth $1,806,714. 18.60% of the stock is owned by insiders.

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.