Pecaut & CO. continued to hold its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,080 shares of the company’s stock at the end of the second quarter. PriceSmart makes up 1.5% of Pecaut & CO.’s holdings, making the stock its 23rd largest position. Pecaut & CO. owned 0.07% of PriceSmart worth $1,759,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of PriceSmart during the first quarter valued at about $135,000. Victory Capital Management Inc. increased its stake in shares of PriceSmart by 23.8% in the first quarter. Victory Capital Management Inc. now owns 1,670 shares of the company’s stock valued at $154,000 after buying an additional 321 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of PriceSmart during the first quarter valued at about $160,000. Creative Planning increased its stake in shares of PriceSmart by 166.1% in the first quarter. Creative Planning now owns 1,823 shares of the company’s stock valued at $168,000 after buying an additional 1,138 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of PriceSmart during the first quarter valued at about $246,000. Institutional investors and hedge funds own 73.62% of the company’s stock.
Shares of PriceSmart, Inc. (PSMT) traded up 0.31% on Friday, reaching $82.10. The company’s stock had a trading volume of 55,596 shares. The stock has a 50-day moving average of $84.01 and a 200 day moving average of $87.28. PriceSmart, Inc. has a 52-week low of $78.00 and a 52-week high of $94.40. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 26.84 and a beta of 1.24.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The firm had revenue of $730.30 million during the quarter, compared to the consensus estimate of $734.80 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that PriceSmart, Inc. will post $3.08 earnings per share for the current year.
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A number of brokerages have issued reports on PSMT. Roth Capital set a $102.00 price objective on PriceSmart and gave the company a “buy” rating in a research note on Tuesday. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded PriceSmart from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, TheStreet downgraded PriceSmart from a “b” rating to a “c+” rating in a research note on Thursday, July 13th.
In related news, Director Sherry S. Bahrambeygui sold 3,561 shares of PriceSmart stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $84.88, for a total value of $302,257.68. Following the completion of the sale, the director now owns 125,374 shares of the company’s stock, valued at $10,641,745.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.00% of the company’s stock.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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