PriceSmart, Inc. $PSMT Shares Bought by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC grew its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 98.3% in the second quarter, Holdings Channel reports. The institutional investor owned 22,273 shares of the company’s stock after purchasing an additional 11,039 shares during the period. Coppell Advisory Solutions LLC’s holdings in PriceSmart were worth $2,369,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of PriceSmart by 10.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock worth $101,000 after acquiring an additional 93 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in PriceSmart by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the company’s stock valued at $588,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC increased its stake in PriceSmart by 13.0% in the second quarter. GAMMA Investing LLC now owns 888 shares of the company’s stock valued at $93,000 after purchasing an additional 102 shares during the last quarter. Yousif Capital Management LLC raised its holdings in PriceSmart by 1.2% during the second quarter. Yousif Capital Management LLC now owns 9,256 shares of the company’s stock worth $972,000 after purchasing an additional 113 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in shares of PriceSmart by 5.0% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,393 shares of the company’s stock worth $251,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at PriceSmart

In other news, COO John D. Hildebrandt sold 10,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $115.10, for a total transaction of $1,151,000.00. Following the completion of the sale, the chief operating officer owned 115,615 shares in the company, valued at approximately $13,307,286.50. This represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Francisco Velasco sold 550 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $122.82, for a total value of $67,551.00. Following the transaction, the executive vice president directly owned 80,548 shares in the company, valued at approximately $9,892,905.36. This represents a 0.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,706 shares of company stock valued at $1,467,980 over the last ninety days. 17.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on PSMT. Weiss Ratings downgraded shares of PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 8th. Wall Street Zen downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

PriceSmart Price Performance

PSMT stock opened at $128.52 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.97 billion, a P/E ratio of 26.66 and a beta of 0.76. The business has a 50 day simple moving average of $121.35 and a 200-day simple moving average of $113.72. PriceSmart, Inc. has a twelve month low of $81.25 and a twelve month high of $131.46.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.08). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. PriceSmart had a net margin of 2.81% and a return on equity of 12.34%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS 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.