UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 9,829 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,925 shares of the company's stock after buying an additional 9,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of PriceSmart worth $5,800,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PSMT. Personal CFO Solutions LLC grew its stake in PriceSmart by 4.8% in the 4th quarter. Personal CFO Solutions LLC now owns 3,036 shares of the company's stock valued at $280,000 after buying an additional 140 shares during the last quarter. US Bancorp DE lifted its position in PriceSmart by 4.6% in the 4th quarter. US Bancorp DE now owns 3,614 shares of the company's stock valued at $333,000 after acquiring an additional 160 shares in the last quarter. Blue Trust Inc. increased its position in shares of PriceSmart by 22.8% during the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company's stock valued at $117,000 after purchasing an additional 237 shares during the last quarter. Mariner LLC boosted its holdings in PriceSmart by 10.2% in the 4th quarter. Mariner LLC now owns 2,636 shares of the company's stock worth $243,000 after buying an additional 245 shares during the period. Finally, Bank of Montreal Can raised its stake in PriceSmart by 7.9% in the fourth quarter. Bank of Montreal Can now owns 3,383 shares of the company's stock valued at $312,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 80.46% 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 note on Saturday, May 31st.

Insider Activity

In other PriceSmart news, Director Jeffrey Fisher sold 2,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 11,011 shares in the company, valued at $1,145,144. This represents a 15.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Kovaleski sold 896 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $100.85, for a total transaction of $90,361.60. Following the sale, the executive vice president now directly owns 43,039 shares of the company's stock, valued at approximately $4,340,483.15. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,836 shares of company stock valued at $1,005,273. Insiders own 17.10% of the company's stock.

PriceSmart Stock Up 0.8%

Shares of PSMT traded up $0.81 during mid-day trading on Thursday, hitting $106.96. The company's stock had a trading volume of 93,849 shares, compared to its average volume of 192,614. 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 firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 23.54 and a beta of 0.75. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $109.19. The company's 50-day moving average is $98.28 and its 200-day moving average is $92.99.

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 the consensus estimate of $1.51 by ($0.06). The firm 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 in the prior year, the company posted $1.31 earnings per share. On average, equities research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

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.