OMERS ADMINISTRATION Corp Invests $240,000 in PriceSmart, Inc. (NASDAQ:PSMT)

OMERS ADMINISTRATION Corp acquired a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,600 shares of the company's stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in PriceSmart by 536.7% during the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock worth $29,000 after purchasing an additional 263 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of PriceSmart during the fourth quarter worth $53,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 buying an additional 664 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of PriceSmart by 393.1% during 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 lifted its holdings in shares of 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 buying an additional 865 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Insider Activity at PriceSmart

In other PriceSmart news, Director Edgar Zurcher sold 390 shares of PriceSmart stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $102.78, for a total value of $40,084.20. Following the transaction, the director now owns 9,279 shares in the company, valued at $953,695.62. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey Fisher sold 2,000 shares of PriceSmart stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the transaction, the director now owns 11,011 shares in the company, valued at approximately $1,145,144. This represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,836 shares of company stock valued at $1,005,273 over the last quarter. 17.10% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

Shares of PSMT traded up $0.15 during midday trading on Monday, reaching $104.36. 98,210 shares of the stock were exchanged, compared to its average volume of 190,993. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.21 billion, a P/E ratio of 22.99 and a beta of 0.75. The stock's 50 day simple moving average is $95.26 and its 200 day simple moving average is $92.16.

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 analysts' consensus estimates of $1.51 by ($0.06). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. On average, sell-side analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

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