Harbor Capital Advisors Inc. Has $9.95 Million Position in PriceSmart, Inc. (NASDAQ:PSMT)

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

A number of other large investors have also recently bought and sold shares of PSMT. Dimensional Fund Advisors LP increased its holdings 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 valued at $120,345,000 after acquiring an additional 5,947 shares during the last quarter. American Century Companies Inc. boosted its position in PriceSmart by 4.1% during the fourth quarter. American Century Companies Inc. now owns 1,230,696 shares of the company's stock worth $113,434,000 after purchasing an additional 48,108 shares during the period. FMR LLC boosted its position in PriceSmart by 1.8% during the fourth quarter. FMR LLC now owns 1,204,566 shares of the company's stock worth $111,025,000 after purchasing an additional 21,827 shares during the period. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 7,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of PriceSmart by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,876 shares of the company's stock valued at $41,834,000 after purchasing an additional 15,359 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 550 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $99.74, for a total value of $54,857.00. Following the completion of the sale, the executive vice president now owns 78,458 shares in the company, valued at approximately $7,825,400.92. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 9,279 shares in the company, valued at approximately $953,695.62. This trade represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,836 shares of company stock worth $1,005,273. Insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

PriceSmart Stock Performance

Shares of NASDAQ:PSMT traded down $0.78 during midday trading on Wednesday, hitting $107.48. The company's stock had a trading volume of 23,115 shares, compared to its average volume of 193,577. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 23.67 and a beta of 0.81. The stock's 50 day simple moving average is $99.88 and its 200 day simple moving average is $93.57. PriceSmart, Inc. has a fifty-two week low of $77.51 and a fifty-two week high of $110.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26.

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

PriceSmart 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.