Fisher Asset Management LLC Raises Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Fisher Asset Management LLC raised its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,787 shares of the company’s stock after buying an additional 1,079 shares during the period. Fisher Asset Management LLC owned about 0.08% of PriceSmart worth $2,275,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of PriceSmart during the second quarter worth about $28,000. Canada Pension Plan Investment Board purchased a new stake in PriceSmart in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC grew its position in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 181 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of PriceSmart during the second quarter valued at approximately $40,000. Finally, Hantz Financial Services Inc. bought a new position in shares of PriceSmart during the second quarter valued at approximately $45,000. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Saturday.

Insider Buying and Selling at PriceSmart

In related news, CFO Michael Mccleary sold 4,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total value of $358,480.00. Following the completion of the transaction, the chief financial officer now directly owns 62,141 shares in the company, valued at $5,569,076.42. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Kovaleski sold 3,235 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total transaction of $291,020.60. Following the sale, the executive vice president now directly owns 44,309 shares in the company, valued at $3,986,037.64. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,290 shares of company stock valued at $1,476,009. 18.60% of the stock is currently owned by company insiders.

PriceSmart Price Performance

PSMT stock opened at $89.74 on Friday. The firm has a 50-day moving average of $90.14 and a 200 day moving average of $86.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The company has a market cap of $2.75 billion, a P/E ratio of 19.64 and a beta of 0.85. PriceSmart, Inc. has a 1 year low of $66.95 and a 1 year high of $94.82.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.07). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart 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.