PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,400 shares of the company's stock after selling 8,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.17% of PriceSmart worth $4,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in PriceSmart by 536.7% in the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock worth $29,000 after acquiring an additional 263 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of PriceSmart during the 4th quarter worth $53,000. Smartleaf Asset Management LLC lifted its position in shares of PriceSmart by 393.1% during the 4th 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. Parkside Financial Bank & Trust grew its stake in shares of 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 purchasing an additional 865 shares in the last quarter. Finally, KBC Group NV increased its holdings in PriceSmart by 49.0% in the fourth quarter. KBC Group NV now owns 1,159 shares of the company's stock valued at $107,000 after buying an additional 381 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Stock Up 0.1%

PSMT stock traded up $0.14 during trading on Friday, hitting $106.90. 69,787 shares of the company's stock were exchanged, compared to its average volume of 190,561. The business has a 50-day moving average price of $96.59 and a two-hundred day moving average price of $92.48. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 23.57 and a beta of 0.75. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $108.54. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

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

Insider Transactions at PriceSmart

In other news, Director Jeffrey Fisher sold 2,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $104.00, for a total transaction of $208,000.00. Following the completion of the sale, the director now owns 11,011 shares in the company, valued at approximately $1,145,144. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edgar Zurcher sold 390 shares of the company's stock in a transaction that occurred on 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 owns 9,279 shares of the company's stock, valued at $953,695.62. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,836 shares of company stock worth $1,005,273. Corporate insiders own 17.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.

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.