Jane Street Group LLC Trims Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Jane Street Group LLC reduced its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 34.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,805 shares of the company’s stock after selling 15,439 shares during the period. Jane Street Group LLC owned about 0.09% of PriceSmart worth $2,644,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Stifel Financial Corp lifted its holdings in PriceSmart by 18.4% during the 3rd quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock valued at $3,627,000 after buying an additional 6,137 shares in the last quarter. NFJ Investment Group LLC bought a new stake in shares of PriceSmart during the third quarter valued at approximately $1,764,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of PriceSmart in the third quarter valued at approximately $1,335,000. Fred Alger Management LLC bought a new position in PriceSmart in the third quarter worth approximately $425,000. Finally, Verition Fund Management LLC purchased a new position in PriceSmart during the 3rd quarter worth $312,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

PriceSmart Trading Up 0.1 %

NASDAQ:PSMT opened at $94.00 on Friday. The firm has a 50-day simple moving average of $90.98 and a 200-day simple moving average of $87.52. PriceSmart, Inc. has a one year low of $72.14 and a one year high of $99.23. The firm has a market cap of $2.88 billion, a P/E ratio of 20.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22.

PriceSmart (NASDAQ:PSMT) last issued 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 during the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Francisco Velasco sold 827 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total transaction of $75,281.81. Following the completion of the transaction, the executive vice president now owns 84,385 shares in the company, valued at $7,681,566.55. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Fisher sold 5,478 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $90.83, for a total transaction of $497,566.74. Following the completion of the sale, the director now owns 21,646 shares of the company’s stock, valued at approximately $1,966,106.18. This trade represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,290 shares of company stock worth $1,476,009 in the last three months. 18.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded PriceSmart from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

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.