Ameritas Investment Partners Inc. grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 12.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,940 shares of the company’s stock after buying an additional 210 shares during the period. Ameritas Investment Partners Inc.’s holdings in PriceSmart were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. increased its position in PriceSmart by 18.5% during the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock worth $124,000 after purchasing an additional 220 shares during the last quarter. SG Americas Securities LLC purchased a new position in PriceSmart during the first quarter worth about $135,000. Victory Capital Management Inc. boosted its stake in shares of PriceSmart by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares during the period. Advisor Group Inc. boosted its stake in shares of PriceSmart by 1.6% in the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after purchasing an additional 39 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in PriceSmart in the second quarter valued at approximately $238,000. Institutional investors and hedge funds own 73.19% of the company’s stock.
In related news, EVP John D. Hildebrandt sold 1,614 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total value of $134,720.58. Following the sale, the executive vice president now directly owns 17,237 shares in the company, valued at approximately $1,438,772.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 28.00% of the stock is owned by insiders.
A number of analysts have weighed in on the stock. TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Roth Capital reissued a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a report on Monday, October 2nd. Ifs Securities started coverage on shares of PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective on the stock. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $92.50.
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PriceSmart, Inc. (NASDAQ PSMT) opened at $81.80 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.55. PriceSmart, Inc. has a 1 year low of $78.00 and a 1 year high of $94.40. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.70 and a beta of 1.33.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The firm had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $733.64 million. PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share. equities analysts anticipate that PriceSmart, Inc. will post 3.2 earnings per share for the current year.
PriceSmart Company Profile
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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