9,853 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Acquired by XTX Topco Ltd

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

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its position in PriceSmart by 12.8% during the first quarter. Federated Hermes Inc. now owns 33,641 shares of the company's stock worth $2,955,000 after buying an additional 3,812 shares in the last quarter. Meeder Asset Management Inc. raised its position in PriceSmart by 2,237.8% in the first quarter. Meeder Asset Management Inc. now owns 12,110 shares of the company's stock valued at $1,064,000 after purchasing an additional 11,592 shares during the period. Ridgewood Investments LLC purchased a new stake in PriceSmart in the first quarter valued at $42,000. Royce & Associates LP raised its position in PriceSmart by 3.1% in the first quarter. Royce & Associates LP now owns 21,566 shares of the company's stock valued at $1,895,000 after purchasing an additional 644 shares during the period. Finally, Burney Co. raised its position in PriceSmart by 70.4% in the first quarter. Burney Co. now owns 92,976 shares of the company's stock valued at $8,168,000 after purchasing an additional 38,399 shares during the period. Hedge funds and other institutional investors own 80.46% of the company's stock.

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 550 shares of PriceSmart stock in a transaction on Monday, July 7th. The stock was sold at an average price of $106.31, for a total value of $58,470.50. Following the completion of the sale, the executive vice president directly owned 77,908 shares of the company's stock, valued at approximately $8,282,399.48. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Fisher sold 2,000 shares of PriceSmart stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the sale, the director directly owned 11,011 shares of the company's stock, valued at $1,145,144. The trade was a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,490 shares of company stock valued at $973,382. Corporate insiders own 17.10% of the company's stock.

Analyst Ratings Changes

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

PriceSmart Price Performance

NASDAQ:PSMT opened at $109.20 on Monday. PriceSmart, Inc. has a 52 week low of $80.27 and a 52 week high of $113.59. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.36 billion, a P/E ratio of 23.04 and a beta of 0.77. The stock's fifty day moving average is $106.29 and its two-hundred day moving average is $97.29.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its 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). PriceSmart had a net margin of 2.82% and a return on equity of 12.46%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. PriceSmart's revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Company 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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