Parametric Portfolio Associates LLC Has $1.72 Million Stake in PriceSmart, Inc. (PSMT)

Parametric Portfolio Associates LLC trimmed its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 2.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,681 shares of the company’s stock after selling 402 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.07% of PriceSmart worth $1,724,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Crawford Investment Counsel Inc. lifted its holdings in shares of PriceSmart by 4.2% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 133,329 shares of the company’s stock worth $11,680,000 after acquiring an additional 5,320 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of PriceSmart by 10.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 129,088 shares of the company’s stock worth $11,902,000 after acquiring an additional 11,831 shares during the period. BlackRock Inc. lifted its holdings in shares of PriceSmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock worth $115,604,000 after acquiring an additional 32,748 shares during the period. Rhumbline Advisers lifted its holdings in shares of PriceSmart by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock worth $2,316,000 after acquiring an additional 1,348 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of PriceSmart by 9.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,241 shares of the company’s stock worth $4,356,000 after acquiring an additional 3,900 shares during the period. 73.16% of the stock is owned by institutional investors.

A number of research firms have recently commented on PSMT. Roth Capital reaffirmed a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a report on Monday, October 2nd. BidaskClub downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Ifs Securities began coverage on shares of PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $92.50.

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PriceSmart, Inc. (NASDAQ:PSMT) opened at $79.95 on Friday. PriceSmart, Inc. has a 1-year low of $78.00 and a 1-year high of $94.00. The company has a market cap of $2,430.56, a PE ratio of 26.83 and a beta of 1.33. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.09). PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The firm had revenue of $733.50 million for the quarter, compared to the consensus estimate of $733.64 million. During the same period in the prior year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts anticipate that PriceSmart, Inc. will post 3.2 earnings per share for the current fiscal year.

In related news, CEO Jose Luis Laparte sold 12,772 shares of PriceSmart stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $82.58, for a total transaction of $1,054,711.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Hildebrandt sold 1,614 shares of PriceSmart stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the transaction, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at $1,438,772.39. The disclosure for this sale can be found here. Insiders have sold a total of 36,286 shares of company stock valued at $2,981,476 over the last three months. 28.00% of the stock is currently owned by insiders.

About PriceSmart

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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