Thrivent Financial for Lutherans Purchases 1,152 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Thrivent Financial for Lutherans increased its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,983 shares of the company’s stock after acquiring an additional 1,152 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of PriceSmart worth $2,384,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of PriceSmart in the 2nd quarter worth approximately $28,000. Canada Pension Plan Investment Board purchased a new stake in shares of PriceSmart in the second quarter valued at $32,000. GAMMA Investing LLC raised its stake in shares of PriceSmart by 76.4% in the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 181 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of PriceSmart in the 2nd quarter worth about $40,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of PriceSmart during the 2nd quarter worth about $45,000. 80.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd.

Insiders Place Their Bets

In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Francisco Velasco sold 827 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the transaction, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,290 shares of company stock worth $1,476,009 in the last three months. Corporate insiders own 18.60% of the company’s stock.

PriceSmart Stock Performance

PSMT stock opened at $89.88 on Thursday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 19.68 and a beta of 0.85. PriceSmart, Inc. has a twelve month low of $66.95 and a twelve month high of $94.82. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $90.14 and its two-hundred day simple moving average is $86.48.

PriceSmart (NASDAQ:PSMT) last announced 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 the consensus estimate of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current 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.