Jefferies Financial Group Inc. purchased a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,791 shares of the company's stock, valued at approximately $2,193,000. Jefferies Financial Group Inc. owned about 0.08% of PriceSmart at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Fred Alger Management LLC lifted its stake in PriceSmart by 39.0% in the fourth quarter. Fred Alger Management LLC now owns 6,435 shares of the company's stock valued at $593,000 after purchasing an additional 1,805 shares during the last quarter. Deutsche Bank AG lifted its position in shares of PriceSmart by 47.0% during the fourth quarter. Deutsche Bank AG now owns 22,007 shares of the company's stock worth $2,028,000 after acquiring an additional 7,040 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of PriceSmart by 22.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,731 shares of the company's stock worth $805,000 after acquiring an additional 1,593 shares during the period. Baird Financial Group Inc. purchased a new position in shares of PriceSmart in the fourth quarter valued at $1,111,000. Finally, BNP Paribas Financial Markets raised its stake in shares of PriceSmart by 30.7% during the 4th quarter. BNP Paribas Financial Markets now owns 46,608 shares of the company's stock valued at $4,296,000 after purchasing an additional 10,957 shares during the period. 80.46% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.
Read Our Latest Report on PriceSmart
Insider Activity
In other news, Director Jeffrey Fisher sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $102.21, for a total value of $306,630.00. Following the completion of the sale, the director now directly owns 13,011 shares in the company, valued at approximately $1,329,854.31. The trade was a 18.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edgar Zurcher sold 390 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $102.78, for a total value of $40,084.20. Following the transaction, the director now directly owns 9,279 shares in the company, valued at $953,695.62. This trade represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,836 shares of company stock worth $1,005,273. 17.10% of the stock is currently owned by corporate insiders.
PriceSmart Price Performance
NASDAQ PSMT traded up $0.74 on Monday, hitting $105.45. The stock had a trading volume of 21,606 shares, compared to its average volume of 189,875. The firm has a 50-day moving average of $92.73 and a 200-day moving average of $91.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $108.01. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.22 and a beta of 0.75.
PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. Equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.
About PriceSmart
(
Free Report)
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.
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