Aubrey Capital Management Ltd Has $8.09 Million Stock Position in PriceSmart, Inc. $PSMT

Aubrey Capital Management Ltd boosted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 211.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,400 shares of the company's stock after acquiring an additional 28,100 shares during the period. PriceSmart accounts for about 5.0% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 5th largest holding. Aubrey Capital Management Ltd owned about 0.13% of PriceSmart worth $8,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of PriceSmart by 124.2% in the 1st quarter. Advisors Asset Management Inc. now owns 668 shares of the company's stock worth $59,000 after buying an additional 370 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PriceSmart by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company's stock valued at $1,310,000 after buying an additional 648 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in PriceSmart by 41.7% in the first quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company's stock worth $16,069,000 after acquiring an additional 53,874 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PriceSmart by 12.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,642 shares of the company's stock worth $6,206,000 after acquiring an additional 7,717 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of PriceSmart by 34.7% in the first quarter. Intech Investment Management LLC now owns 18,673 shares of the company's stock worth $1,640,000 after acquiring an additional 4,806 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PSMT shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of PriceSmart in a research report on Wednesday, August 26th. Jefferies Financial Group reissued a "buy" rating and set a $198.00 price objective on shares of PriceSmart in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $198.00.

PriceSmart Stock Up 0.4%

PriceSmart stock opened at $170.01 on Tuesday. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 32.63 and a beta of 0.76. The stock has a fifty day simple moving average of $185.36 and a two-hundred day simple moving average of $168.24. PriceSmart, Inc. has a 12 month low of $106.87 and a 12 month high of $199.84. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year.

Insiders Place Their Bets

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 3,499 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $197.38, for a total transaction of $690,632.62. Following the transaction, the director owned 32,150 shares in the company, valued at approximately $6,345,767. This represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $177.87, for a total transaction of $60,120.06. Following the sale, the executive vice president directly owned 75,321 shares in the company, valued at approximately $13,397,346.27. The trade was a 0.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,737 shares of company stock valued at $1,506,176. 17.00% of the stock is owned by insiders.

PriceSmart Profile

PriceSmart, Inc NASDAQ: PSMT is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart's value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company's product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.

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