Jacobs Levy Equity Management Inc. Has $3.45 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Jacobs Levy Equity Management Inc. grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 157.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,441 shares of the company's stock after acquiring an additional 22,899 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.12% of PriceSmart worth $3,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of PriceSmart by 536.7% in the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock valued at $29,000 after acquiring an additional 263 shares during the period. Heck Capital Advisors LLC bought a new position in PriceSmart in the fourth quarter worth $53,000. MassMutual Private Wealth & Trust FSB lifted its position in PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock worth $63,000 after purchasing an additional 664 shares during the period. Smartleaf Asset Management LLC lifted 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 purchasing an additional 570 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in PriceSmart by 17,300.0% in 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 during the period. 80.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

PriceSmart Stock Performance

PSMT stock traded up $0.39 during midday trading on Tuesday, hitting $106.91. The stock had a trading volume of 24,940 shares, compared to its average volume of 189,728. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 23.66 and a beta of 0.75. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $108.01. The stock has a 50-day simple moving average of $93.20 and a 200 day simple moving average of $91.61. 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 issued its 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.31 earnings per share. As a group, equities research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Insider Buying and Selling

In other 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 sale, the executive vice president now owns 78,458 shares of the company's stock, valued at approximately $7,825,400.92. This represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Kovaleski sold 896 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $100.85, for a total transaction of $90,361.60. Following the sale, the executive vice president now owns 43,039 shares of the company's stock, valued at $4,340,483.15. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,836 shares of company stock valued at $1,005,273 over the last ninety days. 17.10% of the stock is owned by company 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.