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

Two Sigma Investments LP cut its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 57.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,310 shares of the company's stock after selling 23,791 shares during the period. Two Sigma Investments LP owned 0.06% of PriceSmart worth $1,595,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PSMT. Sterling Capital Management LLC lifted its position in PriceSmart by 536.7% during the fourth 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. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 570 shares during the period. Parkside Financial Bank & Trust grew its position in shares of PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock valued at $80,000 after acquiring an additional 865 shares during the period. KBC Group NV raised its holdings in PriceSmart by 49.0% in the 4th quarter. KBC Group NV now owns 1,159 shares of the company's stock worth $107,000 after purchasing an additional 381 shares during the period. Finally, Blue Trust Inc. lifted its position in PriceSmart by 22.8% during the fourth quarter. Blue Trust Inc. now owns 1,278 shares of the company's stock valued at $117,000 after purchasing an additional 237 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 Francisco Velasco sold 550 shares of the company's 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 directly owns 78,458 shares of the company's stock, valued at $7,825,400.92. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Kovaleski sold 896 shares of PriceSmart stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $100.85, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 9,836 shares of company stock worth $1,005,273 over the last quarter. Insiders own 17.10% of the company's stock.

PriceSmart Price Performance

Shares of PSMT stock traded up $0.96 during trading hours on Friday, hitting $107.80. The stock had a trading volume of 37,804 shares, compared to its average volume of 192,619. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 23.75 and a beta of 0.81. The stock's 50-day moving average price is $98.66 and its two-hundred day moving average price is $93.13. 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 one year low of $77.51 and a one year high of $109.19.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. Equities analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.