27,829 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,829 shares of the company's stock, valued at approximately $2,445,000. Kingsview Wealth Management LLC owned approximately 0.09% of PriceSmart at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in PriceSmart by 24.3% during the first quarter. First Horizon Advisors Inc. now owns 654 shares of the company's stock valued at $57,000 after acquiring an additional 128 shares during the period. Mariner LLC lifted its stake in shares of PriceSmart by 10.2% in the fourth quarter. Mariner LLC now owns 2,636 shares of the company's stock valued at $243,000 after buying an additional 245 shares during the period. Bank of Montreal Can lifted its stake in shares of PriceSmart by 7.9% in the fourth quarter. Bank of Montreal Can now owns 3,383 shares of the company's stock valued at $312,000 after buying an additional 249 shares during the period. Sterling Capital Management LLC lifted its stake in shares of PriceSmart by 536.7% in the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock valued at $29,000 after buying an additional 263 shares during the period. Finally, Swiss National Bank lifted its stake in shares of PriceSmart by 0.6% in the fourth quarter. Swiss National Bank now owns 51,200 shares of the company's stock valued at $4,719,000 after buying an additional 300 shares during the period. 80.46% of the stock is currently owned by institutional investors.

PriceSmart Price Performance

PSMT opened at $109.67 on Friday. PriceSmart, Inc. has a one year low of $80.27 and a one year high of $113.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.28 and a quick ratio of 0.50. The company's 50 day simple moving average is $105.69 and its 200-day simple moving average is $96.04. The stock has a market capitalization of $3.37 billion, a P/E ratio of 23.14 and a beta of 0.78.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.46%. PriceSmart's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. Sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 550 shares of PriceSmart stock in a transaction on Monday, July 7th. The shares were sold at an average price of $106.31, for a total value of $58,470.50. Following the sale, the executive vice president directly owned 77,908 shares in the company, valued at approximately $8,282,399.48. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon C. Janks sold 3,000 shares of PriceSmart stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $101.78, for a total transaction of $305,340.00. Following the completion of the sale, the director owned 33,734 shares in the company, valued at $3,433,446.52. The trade was a 8.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,386 shares of company stock valued at $1,063,743 over the last quarter. 17.10% of the stock is currently owned by corporate insiders.

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.

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