Tudor Investment Corp ET AL Has $471,000 Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Tudor Investment Corp ET AL reduced its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 86.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,113 shares of the company's stock after selling 31,973 shares during the period. Tudor Investment Corp ET AL's holdings in PriceSmart were worth $471,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in PriceSmart by 227.3% during the 3rd quarter. Barclays PLC now owns 46,710 shares of the company's stock worth $4,287,000 after buying an additional 32,438 shares during the last quarter. Burney Co. bought a new position in shares of PriceSmart in the fourth quarter worth $5,030,000. Harbor Capital Advisors Inc. grew its stake in shares of PriceSmart by 47.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company's stock worth $1,677,000 after purchasing an additional 5,818 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PriceSmart by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company's stock valued at $3,942,000 after buying an additional 3,406 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of PriceSmart in the 4th quarter valued at $591,000. 80.46% of the stock is currently owned by institutional investors.

Insider Activity at PriceSmart

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

Analysts Set New Price Targets

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

PriceSmart Stock Performance

Shares of PSMT stock traded down $0.35 during trading on Wednesday, reaching $101.97. The company had a trading volume of 52,210 shares, compared to its average volume of 188,477. The firm's 50 day simple moving average is $91.79 and its two-hundred day simple moving average is $91.14. 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 $108.01. The company has a market capitalization of $3.14 billion, a PE ratio of 22.46 and a beta of 0.75.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 earnings per share 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 the consensus estimate of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm's revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. Sell-side analysts forecast 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.