XTX Topco Ltd Takes $866,000 Position in PriceSmart, Inc. (NASDAQ:PSMT)

XTX Topco Ltd purchased a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,853 shares of the company's stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PSMT. Principal Financial Group Inc. boosted its stake in PriceSmart by 2.3% during the first quarter. Principal Financial Group Inc. now owns 131,194 shares of the company's stock worth $11,525,000 after buying an additional 3,003 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in PriceSmart by 68.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,759 shares of the company's stock valued at $418,000 after purchasing an additional 1,928 shares in the last quarter. New York State Teachers Retirement System raised its stake in PriceSmart by 19.3% in the first quarter. New York State Teachers Retirement System now owns 10,785 shares of the company's stock valued at $947,000 after buying an additional 1,742 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in PriceSmart by 522.5% in the first quarter. Harbor Capital Advisors Inc. now owns 113,268 shares of the company's stock valued at $9,951,000 after purchasing an additional 95,073 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in PriceSmart by 7,364.9% in the first quarter. GAMMA Investing LLC now owns 69,050 shares of the company's stock valued at $6,066,000 after buying an additional 68,125 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at PriceSmart

In other news, Director Edgar Zurcher sold 390 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total value of $40,084.20. Following the completion of the transaction, the director owned 9,279 shares of the company's stock, valued at $953,695.62. The trade was a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Fisher sold 2,000 shares of PriceSmart stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $104.00, for a total value of $208,000.00. Following the transaction, the director owned 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 disclosure for this sale can be found here. Insiders have sold a total of 8,940 shares of company stock valued at $918,525 in the last 90 days. Insiders own 17.10% of the company's stock.

PriceSmart Stock Up 0.4%

NASDAQ PSMT traded up $0.43 during trading on Thursday, reaching $111.18. 68,867 shares of the company's stock were exchanged, compared to its average volume of 240,789. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. PriceSmart, Inc. has a fifty-two week low of $81.13 and a fifty-two week high of $113.59. The company's fifty day simple moving average is $106.54 and its 200-day simple moving average is $97.62. The firm has a market capitalization of $3.42 billion, a PE ratio of 23.45 and a beta of 0.77.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The firm 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%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. Sell-side analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

About PriceSmart

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.