4,007 Shares in PriceSmart, Inc. $PSMT Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,007 shares of the company’s stock, valued at approximately $783,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of PriceSmart during the second quarter valued at $814,722,000. William Blair Investment Management LLC bought a new stake in shares of PriceSmart in the second quarter valued at about $53,157,000. Progeny 3 Inc. purchased a new stake in PriceSmart in the third quarter worth about $27,825,000. Bank of New York Mellon Corp purchased a new stake in PriceSmart in the second quarter worth about $40,930,000. Finally, Invesco Ltd. grew its holdings in PriceSmart by 54.7% during the 2nd quarter. Invesco Ltd. now owns 551,566 shares of the company’s stock worth $57,936,000 after acquiring an additional 194,980 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Price Performance

PSMT opened at $172.05 on Wednesday. The firm has a market capitalization of $5.31 billion, a PE ratio of 33.02 and a beta of 0.76. The business’s 50-day moving average is $185.09 and its two-hundred day moving average is $168.36. PriceSmart, Inc. has a 1 year low of $106.87 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Jefferies Financial Group reiterated a “buy” rating and set a $198.00 price objective on shares of PriceSmart in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, PriceSmart presently has a consensus rating of “Buy” and a consensus target price of $198.00.

Insider Activity at PriceSmart

In other news, Director Beatriz V. Infante sold 800 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $195.98, for a total transaction of $156,784.00. Following the completion of the sale, the director owned 11,210 shares in the company, valued at approximately $2,196,935.80. This represents a 6.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the sale, the executive vice president directly owned 75,321 shares of the company’s stock, valued at $13,397,346.27. The trade was a 0.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,737 shares of company stock valued at $1,506,176 over the last 90 days. Insiders own 17.00% of the company’s stock.

About PriceSmart

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.