Meeder Asset Management Inc. Acquires 11,592 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Meeder Asset Management Inc. lifted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 2,237.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,110 shares of the company's stock after purchasing an additional 11,592 shares during the quarter. Meeder Asset Management Inc.'s holdings in PriceSmart were worth $1,064,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of PriceSmart by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,305,698 shares of the company's stock valued at $120,345,000 after acquiring an additional 5,947 shares in the last quarter. FMR LLC grew its stake in shares of PriceSmart by 1.8% during the fourth quarter. FMR LLC now owns 1,204,566 shares of the company's stock valued at $111,025,000 after acquiring an additional 21,827 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of PriceSmart by 25.8% during the first quarter. Copeland Capital Management LLC now owns 782,353 shares of the company's stock valued at $68,730,000 after acquiring an additional 160,656 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of PriceSmart by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 692,864 shares of the company's stock valued at $63,874,000 after acquiring an additional 7,994 shares in the last quarter. Finally, Northern Trust Corp grew its stake in PriceSmart by 13.0% in the fourth quarter. Northern Trust Corp now owns 354,720 shares of the company's stock worth $32,695,000 after purchasing an additional 40,927 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

PriceSmart Stock Performance

Shares of PSMT traded up $1.70 during trading hours on Friday, reaching $109.20. 224,274 shares of the company traded hands, compared to its average volume of 230,419. The stock's fifty day moving average is $106.29 and its 200 day moving average is $97.15. The stock has a market cap of $3.36 billion, a P/E ratio of 23.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. PriceSmart, Inc. has a 1-year low of $80.27 and a 1-year high of $113.59.

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

Insider Activity at PriceSmart

In related news, EVP Francisco Velasco sold 550 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $106.31, for a total value of $58,470.50. Following the transaction, the executive vice president directly owned 77,908 shares in the company, valued at $8,282,399.48. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon C. Janks sold 3,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $101.78, for a total transaction of $305,340.00. Following the completion of the sale, the director owned 33,734 shares in the company, valued at approximately $3,433,446.52. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,490 shares of company stock valued at $973,382 over the last ninety days. Company insiders own 17.10% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised PriceSmart from a "hold" rating to a "buy" rating in a report on Saturday, July 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.