PriceSmart, Inc. (NASDAQ:PSMT) Stock Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) by 76.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,143 shares of the company’s stock after selling 32,474 shares during the period. Allspring Global Investments Holdings LLC’s holdings in PriceSmart were worth $584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of PriceSmart in the 1st quarter worth about $37,000. Venture Visionary Partners LLC bought a new stake in shares of PriceSmart during the 2nd quarter valued at about $116,000. PNC Financial Services Group Inc. grew its position in shares of PriceSmart by 43.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,737 shares of the company’s stock valued at $137,000 after buying an additional 523 shares during the last quarter. Guggenheim Capital LLC bought a new stake in shares of PriceSmart during the 1st quarter valued at about $203,000. Finally, Captrust Financial Advisors grew its position in shares of PriceSmart by 9.0% during the 1st quarter. Captrust Financial Advisors now owns 2,712 shares of the company’s stock valued at $214,000 after buying an additional 223 shares during the last quarter. Institutional investors own 80.61% of the company’s stock.

Wall Street Analyst Weigh In

PSMT has been the subject of a number of recent research reports. StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 11th. Scotiabank downgraded shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $96.00 to $77.00 in a research report on Tuesday, November 29th.

Insider Buying and Selling at PriceSmart

In other news, EVP Chong Jesus Von sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $71.69, for a total value of $164,887.00. Following the completion of the sale, the executive vice president now directly owns 26,134 shares of the company’s stock, valued at approximately $1,873,546.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Chong Jesus Von sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $71.69, for a total value of $164,887.00. Following the completion of the sale, the executive vice president now directly owns 26,134 shares of the company’s stock, valued at approximately $1,873,546.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gordon H. Hanson sold 1,450 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $68.79, for a total transaction of $99,745.50. Following the completion of the sale, the director now directly owns 4,707 shares of the company’s stock, valued at $323,794.53. The disclosure for this sale can be found here. Insiders sold 44,577 shares of company stock valued at $3,113,551 in the last ninety days. Company insiders own 17.40% of the company’s stock.

PriceSmart Trading Up 2.5 %

PriceSmart stock opened at $71.42 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.40 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $66.72 and a two-hundred day moving average price of $64.94. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.70 and a beta of 0.80. PriceSmart, Inc. has a 52-week low of $56.29 and a 52-week high of $88.30.

PriceSmart (NASDAQ:PSMT – Get Rating) last posted its earnings results on Monday, January 9th. The company reported $1.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.08 billion. PriceSmart had a net margin of 2.58% and a return on equity of 10.86%. PriceSmart’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS.

PriceSmart Company Profile

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PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell locally and regionally sourced goods, essential goods, direct-from-farm fresh produce, private label consumer products, prepared foods, and fresh-baked goods under the brand name Member's Selection.