PriceSmart, Inc. (NASDAQ:PSMT) Stock Position Lifted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 25.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,044 shares of the company's stock after purchasing an additional 5,213 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.08% of PriceSmart worth $2,288,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PSMT. Dimensional Fund Advisors LP increased its position in shares of PriceSmart by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,305,698 shares of the company's stock valued at $120,345,000 after buying an additional 5,947 shares in the last quarter. American Century Companies Inc. boosted its stake in PriceSmart by 4.1% in the 4th quarter. American Century Companies Inc. now owns 1,230,696 shares of the company's stock worth $113,434,000 after buying an additional 48,108 shares during the last quarter. FMR LLC boosted its stake in PriceSmart by 1.8% in the 4th quarter. FMR LLC now owns 1,204,566 shares of the company's stock worth $111,025,000 after buying an additional 21,827 shares during the last quarter. Geode Capital Management LLC boosted its stake in PriceSmart by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 692,864 shares of the company's stock worth $63,874,000 after buying an additional 7,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of PriceSmart by 3.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Insider Buying and Selling at PriceSmart

In related news, 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 completion of the transaction, the executive vice president now directly owns 43,039 shares in the company, valued at $4,340,483.15. This represents a 2.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Francisco Velasco sold 550 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $99.74, for a total value of $54,857.00. Following the transaction, the executive vice president now owns 78,458 shares of the company's stock, valued at approximately $7,825,400.92. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock valued at $1,005,273 in the last three months. Corporate insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

PriceSmart Stock Down 0.1%

PriceSmart stock traded down $0.10 during midday trading on Tuesday, hitting $108.25. 226,008 shares of the company were exchanged, compared to its average volume of 194,248. The company's fifty day moving average price is $99.88 and its 200-day moving average price is $93.57. The company has a market cap of $3.33 billion, a PE ratio of 23.84 and a beta of 0.81. 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, Inc. has a fifty-two week low of $77.51 and a fifty-two week high of $109.69.

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