Black Creek Investment Management Inc. Has $121.76 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Black Creek Investment Management Inc. grew its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,644,061 shares of the company’s stock after acquiring an additional 313 shares during the quarter. PriceSmart comprises 4.3% of Black Creek Investment Management Inc.’s holdings, making the stock its 10th largest holding. Black Creek Investment Management Inc. owned 5.29% of PriceSmart worth $121,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its holdings in PriceSmart by 11.6% during the first quarter. Ameritas Investment Partners Inc. now owns 2,064 shares of the company’s stock worth $148,000 after buying an additional 214 shares in the last quarter. Royce & Associates LP bought a new position in PriceSmart in the 1st quarter valued at $729,000. Teacher Retirement System of Texas grew its stake in PriceSmart by 19.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,426 shares of the company’s stock valued at $1,735,000 after purchasing an additional 3,811 shares during the period. Bank of Montreal Can bought a new position in PriceSmart in the 2nd quarter valued at $1,158,000. Finally, Mirabella Financial Services LLP bought a new position in PriceSmart in the 2nd quarter valued at $4,494,000. Institutional investors own 81.19% of the company’s stock.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, Director Edgar Zurcher sold 2,236 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $67.04, for a total value of $149,901.44. Following the sale, the director now owns 7,932 shares of the company’s stock, valued at approximately $531,761.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 17.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on PriceSmart in a research note on Thursday, October 5th. They issued a “buy” rating for the company.

PriceSmart Stock Performance

Shares of NASDAQ PSMT traded up $0.93 during trading on Wednesday, reaching $69.63. 4,214 shares of the stock traded hands, compared to its average volume of 156,484. PriceSmart, Inc. has a 52-week low of $60.01 and a 52-week high of $82.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.38 and a quick ratio of 0.64. The company has a 50-day moving average of $72.62 and a 200-day moving average of $74.52. The stock has a market capitalization of $2.10 billion, a P/E ratio of 19.63 and a beta of 0.89.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.10 billion. PriceSmart had a return on equity of 11.60% and a net margin of 2.48%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS.

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.