Quantamental Technologies LLC Grows Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Quantamental Technologies LLC raised its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 39,000.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,173 shares of the company’s stock after buying an additional 1,170 shares during the period. Quantamental Technologies LLC’s holdings in PriceSmart were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PSMT. Aperio Group LLC raised its stake in shares of PriceSmart by 6.3% during the 2nd quarter. Aperio Group LLC now owns 5,583 shares of the company’s stock worth $285,000 after acquiring an additional 330 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in PriceSmart by 765.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,221 shares of the company’s stock valued at $307,000 after purchasing an additional 4,618 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in PriceSmart during the 1st quarter valued at approximately $389,000. M&T Bank Corp increased its stake in PriceSmart by 5.2% during the 2nd quarter. M&T Bank Corp now owns 7,963 shares of the company’s stock valued at $407,000 after purchasing an additional 392 shares in the last quarter. Finally, Capital Fund Management S.A. increased its stake in PriceSmart by 93.0% during the 2nd quarter. Capital Fund Management S.A. now owns 8,300 shares of the company’s stock valued at $424,000 after purchasing an additional 4,000 shares in the last quarter. 72.50% of the stock is owned by institutional investors.

Shares of NASDAQ:PSMT traded up $0.58 during midday trading on Friday, reaching $65.20. The company’s stock had a trading volume of 1,625 shares, compared to its average volume of 98,004. The firm has a market capitalization of $1.95 billion, a PE ratio of 26.82 and a beta of 0.98. PriceSmart, Inc. has a twelve month low of $48.06 and a twelve month high of $88.35. The stock has a fifty day moving average of $59.53 and a 200 day moving average of $57.99. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, July 10th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.13. PriceSmart had a net margin of 2.23% and a return on equity of 11.19%. The firm had revenue of $788.56 million for the quarter, compared to analyst estimates of $792.96 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year.

A number of research analysts have issued reports on PSMT shares. Scotiabank upgraded shares of PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 price target on the stock in a research note on Wednesday, July 17th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Saturday, August 24th. Finally, ValuEngine upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th.

In other PriceSmart news, EVP Chong Jesus Von sold 818 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $62.41, for a total transaction of $51,051.38. Following the transaction, the executive vice president now directly owns 25,883 shares of the company’s stock, valued at $1,615,358.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Philanthropies Foundatio Price sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $58.64, for a total transaction of $586,400.00. Following the transaction, the insider now directly owns 4,329,355 shares in the company, valued at $253,873,377.20. The disclosure for this sale can be found here. Insiders have sold 51,818 shares of company stock worth $2,975,331 over the last three months. 27.10% of the stock is currently owned by insiders.

PriceSmart Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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