Millennium Management LLC Has $11.34 Million Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Millennium Management LLC lowered its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 123,044 shares of the company's stock after selling 29,757 shares during the period. Millennium Management LLC owned 0.40% of PriceSmart worth $11,341,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSMT. Barclays PLC grew its holdings in PriceSmart by 227.3% during the third quarter. Barclays PLC now owns 46,710 shares of the company's stock worth $4,287,000 after purchasing an additional 32,438 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock worth $63,000 after purchasing an additional 664 shares during the period. Janney Montgomery Scott LLC grew its holdings in PriceSmart by 76.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,408 shares of the company's stock worth $1,236,000 after purchasing an additional 5,829 shares during the period. Blue Trust Inc. grew its holdings in PriceSmart by 22.8% during the fourth quarter. Blue Trust Inc. now owns 1,278 shares of the company's stock worth $117,000 after purchasing an additional 237 shares during the period. Finally, KBC Group NV grew its holdings in PriceSmart by 49.0% during the fourth quarter. KBC Group NV now owns 1,159 shares of the company's stock worth $107,000 after purchasing an additional 381 shares during the period. Institutional investors own 80.46% of the company's stock.

PriceSmart Stock Performance

PSMT stock traded up $0.14 during mid-day trading on Thursday, hitting $106.77. 21,377 shares of the company were exchanged, compared to its average volume of 190,261. The business has a 50 day simple moving average of $96.18 and a 200-day simple moving average of $92.37. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3.28 billion, a PE ratio of 23.52 and a beta of 0.75. PriceSmart, Inc. has a 1-year low of $77.51 and a 1-year high of $108.64.

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

Insiders Place Their Bets

In other news, Director Edgar Zurcher sold 390 shares of PriceSmart stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total value of $40,084.20. Following the completion of the sale, the director now directly owns 9,279 shares in the company, valued at approximately $953,695.62. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Kovaleski sold 896 shares of PriceSmart stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $100.85, for a total transaction of $90,361.60. Following the completion of the sale, the executive vice president now owns 43,039 shares of the company's stock, valued at approximately $4,340,483.15. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,836 shares of company stock worth $1,005,273 over the last three months. Insiders own 17.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.