PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,782 shares of the company’s stock after selling 354 shares during the period. Mutual of America Capital Management LLC’s holdings in PriceSmart were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in shares of PriceSmart by 2.3% in the second quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock valued at $592,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC grew its holdings in PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after buying an additional 181 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of PriceSmart by 1.9% during 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 during the period. Creative Planning boosted its position in shares of PriceSmart by 3.2% in the third quarter. Creative Planning now owns 7,720 shares of the company’s stock worth $709,000 after buying an additional 236 shares during the period. Finally, Diversified Trust Co grew its stake in PriceSmart by 3.2% during the 3rd quarter. Diversified Trust Co now owns 8,168 shares of the company’s stock valued at $750,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

PriceSmart Trading Down 0.6 %

Shares of NASDAQ PSMT opened at $89.88 on Friday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 19.67 and a beta of 0.85. PriceSmart, Inc. has a 12 month low of $66.95 and a 12 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 has a fifty day simple moving average of $90.16 and a 200-day simple moving average of $86.50.

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

Analyst Upgrades and Downgrades

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

Insider Activity at PriceSmart

In other news, EVP Paul Kovaleski sold 3,235 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total transaction of $291,020.60. Following the sale, the executive vice president now owns 44,309 shares in the company, valued at approximately $3,986,037.64. This 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 is accessible through this link. Also, EVP Francisco Velasco sold 827 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares of the company’s stock, valued at approximately $7,681,566.55. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,290 shares of company stock worth $1,476,009. 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.