Teacher Retirement System of Texas Sells 9,469 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Teacher Retirement System of Texas decreased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 12.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,103 shares of the company's stock after selling 9,469 shares during the period. Teacher Retirement System of Texas owned 0.22% of PriceSmart worth $6,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in shares of PriceSmart by 536.7% during the 4th 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 bought a new stake in PriceSmart in the 4th quarter valued at $53,000. Fifth Third Bancorp increased its holdings in shares of PriceSmart by 119.7% in the first quarter. Fifth Third Bancorp now owns 635 shares of the company's stock worth $56,000 after purchasing an additional 346 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of PriceSmart by 24.3% in the first quarter. First Horizon Advisors Inc. now owns 654 shares of the company's stock worth $57,000 after purchasing an additional 128 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased 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 worth $65,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 80.46% of the company's stock.

PriceSmart Price Performance

PSMT traded up $0.69 during trading hours on Thursday, hitting $102.70. The company's stock had a trading volume of 270,334 shares, compared to its average volume of 241,899. The business's 50-day moving average price is $104.97 and its 200-day moving average price is $95.33. PriceSmart, Inc. has a 12 month low of $77.65 and a 12 month high of $109.84. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 21.94 and a beta of 0.78.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its earnings results on Thursday, July 10th. The company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). PriceSmart had a return on equity of 12.40% and a net margin of 2.81%. Sell-side analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity at PriceSmart

In other PriceSmart news, Director Leon C. Janks sold 3,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $101.78, for a total value of $305,340.00. Following the transaction, the director owned 33,734 shares of the company's stock, valued at $3,433,446.52. This represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edgar Zurcher sold 390 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total value of $40,084.20. Following the completion of the transaction, the director directly owned 9,279 shares in the company, valued at $953,695.62. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,386 shares of company stock worth $1,063,743 in the last three months. 17.10% of the stock is owned by insiders.

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.