Coppell Advisory Solutions LLC Acquires New Holdings in PriceSmart, Inc. $PSMT

Key Points

• Coppell Advisory Solutions LLC invested approximately $987,000 in PriceSmart, Inc., acquiring 11,234 shares of the stock during the first quarter.
• Several institutional investors, including Goldman Sachs Group Inc. and Jacobs Levy Equity Management Inc., have increased their positions in PriceSmart in the same period, indicating strong institutional interest.
• PriceSmart's shares have been upgraded from a "hold" to a "buy" rating by Wall Street Zen, suggesting a positive outlook on the company’s stock.

Coppell Advisory Solutions LLC bought a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,234 shares of the company's stock, valued at approximately $987,000.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in shares of PriceSmart during the 1st quarter valued at approximately $42,000. Quarry LP purchased a new position in shares of PriceSmart during the 1st quarter valued at approximately $49,000. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart during the 4th quarter valued at approximately $53,000. Fifth Third Bancorp increased its holdings in shares of PriceSmart by 119.7% during the 1st quarter. Fifth Third Bancorp now owns 635 shares of the company's stock valued at $56,000 after purchasing an additional 346 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in PriceSmart by 24.3% in the 1st 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. 80.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction of $58,470.50. Following the transaction, the executive vice president owned 77,908 shares in the company, valued at $8,282,399.48. The trade was a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Mccleary sold 9,754 shares of PriceSmart stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $110.62, for a total value of $1,078,987.48. Following the transaction, the executive vice president owned 47,082 shares in the company, valued at approximately $5,208,210.84. This represents a 17.16% decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is owned by insiders.

PriceSmart Price Performance

PSMT traded down $3.52 on Friday, hitting $114.58. 352,502 shares of the company's stock were exchanged, compared to its average volume of 201,001. PriceSmart, Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $120.99. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $108.98 and a 200-day moving average price of $101.32. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 24.17 and a beta of 0.79.

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

Analyst Ratings Changes

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

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.