PriceSmart, Inc. (NASDAQ:PSMT) Shares Bought by Redwood Investments LLC

Redwood Investments LLC grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,885 shares of the company's stock after acquiring an additional 7,857 shares during the period. Redwood Investments LLC owned about 0.08% of PriceSmart worth $2,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PSMT. ProShare Advisors LLC raised its position in shares of PriceSmart by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 7,553 shares of the company's stock worth $696,000 after acquiring an additional 2,320 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of PriceSmart in the 4th quarter worth $240,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of PriceSmart by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,269 shares of the company's stock worth $1,315,000 after acquiring an additional 535 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of PriceSmart by 157.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 37,441 shares of the company's stock valued at $3,451,000 after buying an additional 22,899 shares during the period. Finally, Janus Henderson Group PLC raised its position in PriceSmart by 14.9% in the fourth quarter. Janus Henderson Group PLC now owns 10,813 shares of the company's stock worth $996,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

Insiders Place Their Bets

In other PriceSmart news, Director Jeffrey Fisher sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $102.21, for a total transaction of $306,630.00. Following the sale, the director now owns 13,011 shares in the company, valued at $1,329,854.31. This represents a 18.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Edgar Zurcher sold 390 shares of PriceSmart stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $102.78, for a total transaction of $40,084.20. Following the completion of the transaction, the director now directly owns 9,279 shares of the company's stock, valued at approximately $953,695.62. This represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock worth $1,005,273 over the last quarter. 17.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

PriceSmart Price Performance

Shares of NASDAQ PSMT traded up $0.79 during trading on Tuesday, reaching $107.31. The company had a trading volume of 57,809 shares, compared to its average volume of 250,906. The stock has a market capitalization of $3.30 billion, a PE ratio of 23.63 and a beta of 0.75. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $93.20 and a two-hundred day moving average price of $91.61.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly 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 business 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 company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 EPS. As a group, sell-side analysts predict 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.