Coppell Advisory Solutions LLC Makes New $987,000 Investment 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 purchased a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,234 shares of the company's stock, valued at approximately $987,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PSMT. Goldman Sachs Group Inc. increased 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 valued at $16,069,000 after purchasing an additional 53,874 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new position in shares of PriceSmart during the 1st quarter worth about $13,109,000. Petrus Trust Company LTA bought a new stake in shares of PriceSmart in the 1st quarter valued at about $326,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of PriceSmart by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company's stock valued at $1,310,000 after acquiring an additional 648 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in PriceSmart by 353.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 169,943 shares of the company's stock worth $14,929,000 after acquiring an additional 132,502 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

PriceSmart Trading Up 1.8%

NASDAQ PSMT opened at $111.98 on Tuesday. PriceSmart, Inc. has a one year low of $81.25 and a one year high of $114.01. 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 firm has a market cap of $3.44 billion, a P/E ratio of 23.62 and a beta of 0.79. The stock's 50-day moving average is $108.40 and its 200-day moving average is $100.68.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.31 billion. PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.PriceSmart's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company 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.

Insider Activity

In other news, EVP Francisco Velasco sold 550 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $106.31, for a total transaction of $58,470.50. Following the completion of the sale, the executive vice president owned 77,908 shares of the company's stock, valued at $8,282,399.48. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is 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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