PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. decreased its holdings in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,457,697 shares of the company's stock after selling 1,361,230 shares during the period. PriceSmart accounts for approximately 1.1% of EdgePoint Investment Group Inc.'s holdings, making the stock its 24th biggest holding. EdgePoint Investment Group Inc. owned 4.75% of PriceSmart worth $134,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of PriceSmart by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,305,698 shares of the company's stock worth $120,345,000 after purchasing an additional 5,947 shares during the period. American Century Companies Inc. boosted its position in shares of PriceSmart by 4.1% during the fourth quarter. American Century Companies Inc. now owns 1,230,696 shares of the company's stock valued at $113,434,000 after buying an additional 48,108 shares during the period. FMR LLC grew its stake in shares of PriceSmart by 1.8% during the fourth quarter. FMR LLC now owns 1,204,566 shares of the company's stock valued at $111,025,000 after buying an additional 21,827 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of PriceSmart by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 692,864 shares of the company's stock worth $63,874,000 after buying an additional 7,994 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in shares of PriceSmart by 29.2% during the 4th quarter. Copeland Capital Management LLC now owns 621,697 shares of the company's stock worth $57,302,000 after acquiring an additional 140,515 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 550 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $99.74, for a total transaction of $54,857.00. Following the sale, the executive vice president now owns 78,458 shares of the company's stock, valued at $7,825,400.92. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Kovaleski sold 896 shares of the business's 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 completion of the transaction, the executive vice president now owns 43,039 shares of the company's stock, valued at $4,340,483.15. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

PriceSmart Trading Down 0.2%

PriceSmart stock traded down $0.24 during trading hours on Wednesday, hitting $102.07. The company had a trading volume of 96,378 shares, compared to its average volume of 188,652. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. The firm has a market cap of $3.14 billion, a P/E ratio of 22.48 and a beta of 0.75. The company has a 50-day moving average price of $91.79 and a two-hundred day moving average price of $91.14. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $108.01.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly 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). The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. On average, sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

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.