PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Man Group plc

Man Group plc cut its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,392 shares of the company's stock after selling 11,735 shares during the period. Man Group plc owned approximately 0.07% of PriceSmart worth $1,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new position in shares of PriceSmart during the 4th quarter worth approximately $240,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PriceSmart by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,269 shares of the company's stock worth $1,315,000 after buying an additional 535 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of PriceSmart by 157.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 37,441 shares of the company's stock worth $3,451,000 after buying an additional 22,899 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of PriceSmart by 14.9% during the 4th quarter. Janus Henderson Group PLC now owns 10,813 shares of the company's stock worth $996,000 after buying an additional 1,400 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of PriceSmart during the 4th quarter worth approximately $2,193,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

PriceSmart Price Performance

NASDAQ PSMT traded up $0.17 during mid-day trading on Thursday, hitting $106.80. The stock had a trading volume of 21,377 shares, compared to its average volume of 190,261. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $108.64. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 23.52 and a beta of 0.75. The company has a 50 day simple moving average of $96.18 and a 200 day simple moving average of $92.37. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

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

Insider Activity at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 550 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $99.74, for a total transaction of $54,857.00. Following the sale, the executive vice president now owns 78,458 shares in the company, valued at approximately $7,825,400.92. This represents a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Fisher sold 3,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $102.21, for a total value of $306,630.00. Following the sale, the director now owns 13,011 shares in the company, valued at approximately $1,329,854.31. This trade represents a 18.74% 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 in the last ninety days. Corporate insiders own 17.10% of the company's stock.

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.