Atria Investments Inc Has $205,000 Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Atria Investments Inc decreased its position in PriceSmart, Inc. (NASDAQ:PSMT) by 28.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,234 shares of the company’s stock after selling 868 shares during the period. Atria Investments Inc’s holdings in PriceSmart were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PSMT. American Century Companies Inc. grew its holdings in shares of 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 buying an additional 184,252 shares during the period. Vanguard Group Inc. grew 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 valued at $287,671,000 after buying an additional 105,405 shares during the period. Copeland Capital Management LLC grew 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 valued at $44,163,000 after buying an additional 75,896 shares during the period. LSV Asset Management grew 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 valued at $19,047,000 after buying an additional 52,600 shares during the period. Finally, AQR Capital Management LLC grew 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 valued at $4,633,000 after buying an additional 36,614 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Friday.

Insider Buying and Selling at PriceSmart

In other news, EVP Paul Kovaleski sold 3,235 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.96, for a total transaction of $291,020.60. Following the transaction, the executive vice president now directly owns 44,309 shares of the company’s stock, valued at approximately $3,986,037.64. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $89.62, for a total transaction of $358,480.00. Following the transaction, the chief financial officer now directly owns 62,141 shares in the company, valued at $5,569,076.42. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,960 shares of company stock valued at $1,535,673 in the last three months. 18.60% of the stock is currently owned by company insiders.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $89.96 on Monday. The firm has a market cap of $2.76 billion, a PE ratio of 19.68 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 1-year low of $66.95 and a 1-year high of $94.82. The company has a fifty day moving average price of $90.08 and a 200 day moving average price of $86.40.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

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.