Harbor Capital Advisors Inc. Grows Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Harbor Capital Advisors Inc. grew its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 522.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,268 shares of the company's stock after buying an additional 95,073 shares during the quarter. Harbor Capital Advisors Inc. owned 0.37% of PriceSmart worth $9,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in PriceSmart by 536.7% during the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock valued at $29,000 after purchasing an additional 263 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart during the fourth quarter valued at about $53,000. Smartleaf Asset Management LLC grew its holdings in shares of PriceSmart by 393.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock valued at $65,000 after purchasing an additional 570 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in 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 acquiring an additional 865 shares during the last quarter. Finally, State of Wyoming bought a new position in PriceSmart during the fourth quarter valued at $165,000. Institutional investors own 80.46% of the company's stock.

PriceSmart Stock Performance

NASDAQ:PSMT traded down $2.02 during trading hours on Friday, hitting $105.45. 201,976 shares of the company were exchanged, compared to its average volume of 194,378. The company's 50 day moving average price is $101.27 and its 200-day moving average price is $93.88. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.23 and a beta of 0.81. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $109.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43.

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

Insider Transactions at PriceSmart

In other PriceSmart news, Director Edgar Zurcher sold 390 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total transaction of $40,084.20. Following the sale, the director now directly owns 9,279 shares in the company, valued at $953,695.62. This represents a 4.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Francisco Velasco sold 550 shares of the business's 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 completion of the transaction, the executive vice president now owns 78,458 shares of the company's stock, valued at approximately $7,825,400.92. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock worth $1,005,273 in the last ninety days. Insiders own 17.10% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded PriceSmart from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.

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.