Deutsche Bank AG Has $2.03 Million Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Deutsche Bank AG grew its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,007 shares of the company's stock after buying an additional 7,040 shares during the period. Deutsche Bank AG owned 0.07% of PriceSmart worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in PriceSmart by 536.7% during the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock valued at $29,000 after buying an additional 263 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of PriceSmart during the 4th quarter valued at about $53,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock valued at $63,000 after purchasing an additional 664 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of PriceSmart by 393.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock worth $65,000 after purchasing an additional 570 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of PriceSmart by 17,300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock worth $80,000 after purchasing an additional 865 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey Fisher sold 2,000 shares of PriceSmart stock in a transaction that occurred 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 transaction, the director now owns 11,011 shares of the company's stock, valued at $1,145,144. This trade represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 550 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $99.74, for a total value of $54,857.00. Following the completion of the sale, the executive vice president now directly owns 78,458 shares in the company, valued at $7,825,400.92. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,836 shares of company stock valued at $1,005,273 over the last ninety days. Corporate insiders own 17.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.

PriceSmart Trading Up 0.2%

PriceSmart stock traded up $0.18 during midday trading on Thursday, reaching $106.81. The stock had a trading volume of 16,416 shares, compared to its average volume of 190,242. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 23.49 and a beta of 0.75. The firm's fifty day simple moving average is $96.18 and its two-hundred day simple moving average is $92.37.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $1.31 earnings per share. The company's revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal 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.