PriceSmart, Inc. (NASDAQ:PSMT) Shares Purchased by Burney Co.

Burney Co. lifted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 70.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 92,976 shares of the company's stock after purchasing an additional 38,399 shares during the period. Burney Co. owned 0.30% of PriceSmart worth $8,168,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of PriceSmart by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,305,698 shares of the company's stock worth $120,345,000 after acquiring an additional 5,947 shares during the period. FMR LLC increased its stake in shares of PriceSmart by 1.8% in the fourth quarter. FMR LLC now owns 1,204,566 shares of the company's stock valued at $111,025,000 after buying an additional 21,827 shares during the period. Copeland Capital Management LLC grew its stake in PriceSmart by 25.8% during the first quarter. Copeland Capital Management LLC now owns 782,353 shares of the company's stock worth $68,730,000 after purchasing an additional 160,656 shares during the period. Geode Capital Management LLC grew its stake in PriceSmart by 1.2% in 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 during the period. Finally, Northern Trust Corp lifted its holdings in shares of PriceSmart by 13.0% in the fourth quarter. Northern Trust Corp now owns 354,720 shares of the company's stock valued at $32,695,000 after purchasing an additional 40,927 shares in the last quarter. Institutional investors own 80.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised PriceSmart from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th.

PriceSmart Trading Up 2.4%

Shares of NASDAQ PSMT traded up $2.56 during midday trading on Friday, reaching $107.19. The company had a trading volume of 163,168 shares, compared to its average volume of 248,636. The firm's fifty day moving average price is $106.03 and its 200-day moving average price is $96.51. The stock has a market cap of $3.30 billion, a PE ratio of 22.61 and a beta of 0.78. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.07. PriceSmart, Inc. has a one year low of $80.27 and a one year high of $113.59.

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

Insider Buying and Selling

In related news, Director Edgar Zurcher sold 390 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $102.78, for a total transaction of $40,084.20. Following the completion of the transaction, the director directly owned 9,279 shares of the company's stock, valued at approximately $953,695.62. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Francisco Velasco sold 550 shares of the company's 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 sale, the executive vice president owned 77,908 shares in the company, valued at approximately $8,282,399.48. This trade represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,490 shares of company stock worth $973,382. Company insiders own 17.10% of the company's stock.

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.