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Two Sigma Investments LP Sells 23,791 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

PriceSmart logo with Retail/Wholesale background

Two Sigma Investments LP trimmed its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 57.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,310 shares of the company's stock after selling 23,791 shares during the quarter. Two Sigma Investments LP owned 0.06% of PriceSmart worth $1,595,000 at the end of the most recent quarter.

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

Insider Activity at PriceSmart

In other news, EVP Paul Kovaleski sold 896 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $100.85, for a total value of $90,361.60. Following the completion of the sale, the executive vice president now owns 43,039 shares in the company, valued at $4,340,483.15. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Fisher sold 2,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was 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 of the company's stock, valued at approximately $1,145,144. The trade was a 15.37% 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 in the last quarter. Company insiders own 17.10% of the company's stock.

PriceSmart Stock Up 1.3%

Shares of PriceSmart stock traded up $1.35 during trading on Friday, reaching $108.19. 110,653 shares of the company traded hands, compared to its average volume of 193,421. 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 1-year low of $77.51 and a 1-year high of $109.19. The company has a 50 day moving average price of $99.07 and a 200-day moving average price of $93.30. The firm has a market capitalization of $3.33 billion, a PE ratio of 23.83 and a beta of 0.81.

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

Analysts Set New Price Targets

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

Get Our Latest Stock Report on PSMT

PriceSmart Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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