Los Angeles Capital Management LLC Decreases Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Los Angeles Capital Management LLC lessened its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,711 shares of the company’s stock after selling 360 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PriceSmart were worth $1,075,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PSMT. Foster & Motley Inc. increased its holdings in shares of PriceSmart by 96.0% in the 3rd quarter. Foster & Motley Inc. now owns 12,984 shares of the company’s stock valued at $1,192,000 after acquiring an additional 6,361 shares during the last quarter. QRG Capital Management Inc. increased its stake in PriceSmart by 8.4% in the third quarter. QRG Capital Management Inc. now owns 3,496 shares of the company’s stock valued at $321,000 after purchasing an additional 270 shares during the last quarter. James Investment Research Inc. acquired a new stake in PriceSmart during the third quarter worth approximately $264,000. Copeland Capital Management LLC raised its holdings in PriceSmart by 18.7% during the third quarter. Copeland Capital Management LLC now owns 481,182 shares of the company’s stock worth $44,163,000 after purchasing an additional 75,896 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of PriceSmart in the 3rd quarter valued at $281,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Insider Transactions at PriceSmart

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

PriceSmart Trading Down 1.6 %

PSMT opened at $88.10 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 52 week low of $66.79 and a 52 week high of $94.82. The business’s 50 day moving average is $89.87 and its two-hundred day moving average is $86.12. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 19.28 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last released its quarterly 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 net margin of 2.83% and a return on equity of 12.63%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts predict 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.