State of New Jersey Common Pension Fund D Has $2.02 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

State of New Jersey Common Pension Fund D cut its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,013 shares of the company’s stock after selling 775 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PriceSmart were worth $2,020,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in PSMT. SG Americas Securities LLC bought a new position in shares of PriceSmart in the first quarter valued at $117,000. Sei Investments Co. grew its position in shares of PriceSmart by 8.8% in the 1st quarter. Sei Investments Co. now owns 21,790 shares of the company’s stock valued at $1,831,000 after acquiring an additional 1,757 shares during the period. QRG Capital Management Inc. increased its stake in shares of PriceSmart by 17.3% during the 1st quarter. QRG Capital Management Inc. now owns 3,159 shares of the company’s stock worth $265,000 after purchasing an additional 465 shares during the last quarter. US Bancorp DE raised 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 valued at $356,000 after purchasing an additional 209 shares during the period. Finally, ProShare Advisors LLC lifted its stake in PriceSmart by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 5,125 shares of the company’s stock valued at $430,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Activity

In other news, EVP Francisco Velasco sold 670 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $89.05, for a total value of $59,663.50. Following the completion of the sale, the executive vice president now owns 79,470 shares of the company’s stock, valued at approximately $7,076,803.50. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David R. Price sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the transaction, the executive vice president now directly owns 48,844 shares in the company, valued at approximately $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,960 shares of company stock valued at $1,535,673. 18.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

PriceSmart Trading Down 1.0 %

PSMT stock opened at $87.21 on Friday. PriceSmart, Inc. has a one year low of $66.79 and a one year high of $94.82. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 19.08 and a beta of 0.85. The company has a fifty day moving average price of $89.89 and a two-hundred day moving average price of $86.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45.

PriceSmart (NASDAQ:PSMT) last announced 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). The company had revenue of $1.23 billion for 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 in the previous year, the firm posted $0.65 EPS. Equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

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.