Public Employees Retirement System of Ohio increased its position in PriceSmart, Inc. (NASDAQ:PSMT) by 16.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,464 shares of the company’s stock after acquiring an additional 206 shares during the period. Public Employees Retirement System of Ohio’s holdings in PriceSmart were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PSMT. Vanguard Group Inc. raised its stake in shares of PriceSmart by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,026,266 shares of the company’s stock valued at $177,501,000 after buying an additional 10,009 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of PriceSmart by 8.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,378,780 shares of the company’s stock valued at $120,781,000 after buying an additional 109,090 shares during the last quarter. BlackRock Inc. raised its stake in shares of PriceSmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock valued at $115,604,000 after buying an additional 32,748 shares during the last quarter. FMR LLC raised its stake in shares of PriceSmart by 1.0% during the 2nd quarter. FMR LLC now owns 1,124,293 shares of the company’s stock valued at $98,488,000 after buying an additional 10,907 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of PriceSmart by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 642,019 shares of the company’s stock valued at $56,240,000 after buying an additional 9,629 shares during the last quarter. Institutional investors own 73.68% of the company’s stock.

In other news, COO William J. Naylon sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $80.05, for a total transaction of $192,120.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John Heffner sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $80.00, for a total value of $250,000.00. Following the sale, the chief financial officer now owns 27,121 shares in the company, valued at $2,169,680. The disclosure for this sale can be found here. Insiders have sold a total of 44,997 shares of company stock worth $3,683,782 over the last 90 days. Insiders own 28.00% of the company’s stock.

A number of equities analysts have weighed in on PSMT shares. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Roth Capital set a $102.00 price objective on PriceSmart and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Ifs Securities started coverage on PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. Finally, TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.50.

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Shares of PriceSmart, Inc. (PSMT) opened at $81.75 on Friday. PriceSmart, Inc. has a 12-month low of $78.00 and a 12-month high of $94.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40. The company has a market capitalization of $2,485.28, a PE ratio of 27.43 and a beta of 1.33.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the Zacks’ 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 business had revenue of $733.50 million for the quarter, compared to analyst estimates of $733.64 million. During the same quarter last year, the business earned $0.74 earnings per share. PriceSmart’s revenue was up 3.2% on a year-over-year basis. analysts predict that PriceSmart, Inc. will post 3.2 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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