PriceSmart, Inc. (NASDAQ:PSMT) Stock Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 30.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,608 shares of the company's stock after purchasing an additional 10,957 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.15% of PriceSmart worth $4,296,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in PriceSmart by 227.3% in the 3rd quarter. Barclays PLC now owns 46,710 shares of the company's stock valued at $4,287,000 after purchasing an additional 32,438 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of PriceSmart by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company's stock worth $3,942,000 after acquiring an additional 3,406 shares in the last quarter. Burney Co. purchased a new position in PriceSmart in the fourth quarter valued at $5,030,000. MassMutual Private Wealth & Trust FSB increased its holdings in PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock worth $63,000 after purchasing an additional 664 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of PriceSmart by 76.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,408 shares of the company's stock worth $1,236,000 after buying an additional 5,829 shares during the period. Institutional investors and hedge funds own 80.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

Insider Activity

In other PriceSmart news, Director Jeffrey Fisher sold 2,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $104.00, for a total transaction of $208,000.00. Following the transaction, the director now directly owns 11,011 shares in the company, valued at approximately $1,145,144. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Kovaleski sold 896 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $100.85, for a total value of $90,361.60. Following the sale, the executive vice president now owns 43,039 shares in the company, valued at approximately $4,340,483.15. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,836 shares of company stock valued at $1,005,273. Company insiders own 17.10% of the company's stock.

PriceSmart Stock Up 0.4%

Shares of NASDAQ PSMT traded up $0.46 during midday trading on Tuesday, hitting $106.98. 16,458 shares of the company's stock were exchanged, compared to its average volume of 189,687. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01. The firm's fifty day simple moving average is $93.20 and its 200-day simple moving average is $91.61. The company has a market cap of $3.29 billion, a PE ratio of 23.56 and a beta of 0.75.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.06). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current fiscal 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.