PriceSmart, Inc. (NASDAQ:PSMT) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent 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 about 0.07% of PriceSmart worth $2,028,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at PriceSmart

In other news, Director Leon C. Janks sold 3,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $101.78, for a total value of $305,340.00. Following the transaction, the director now owns 33,734 shares of the company's stock, valued at $3,433,446.52. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey Fisher sold 2,000 shares of the stock in a transaction on Thursday, May 15th. The stock was 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 approximately $1,145,144. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,836 shares of company stock worth $1,005,273 in the last ninety days. 17.10% of the stock is owned by insiders.

PriceSmart Trading Up 2.6%

PriceSmart stock traded up $2.74 during trading on Tuesday, reaching $107.10. 134,462 shares of the company were exchanged, compared to its average volume of 190,767. The stock's 50 day simple moving average is $95.26 and its two-hundred day simple moving average is $92.16. The company has a market capitalization of $3.29 billion, a P/E ratio of 23.59 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $108.01.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm's revenue was up 5.6% on a year-over-year basis. On average, equities research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Monday, March 10th.

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.