Burney Co. Acquires Shares of 54,577 PriceSmart, Inc. (NASDAQ:PSMT)

Burney Co. bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) in the 4th quarter, Holdings Channel reports. The firm bought 54,577 shares of the company’s stock, valued at approximately $5,030,000.

Several other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in PriceSmart in the 2nd quarter worth about $32,000. GAMMA Investing LLC boosted its position in shares of PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after buying an additional 405 shares during the period. nVerses Capital LLC grew its stake in shares of PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of PriceSmart by 423.1% in the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after buying an additional 842 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of PriceSmart during the 3rd quarter worth approximately $124,000. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other news, EVP Paul Kovaleski sold 3,235 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total value of $291,020.60. Following the sale, the executive vice president now owns 44,309 shares in the company, valued at $3,986,037.64. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total value of $358,480.00. Following the transaction, the chief financial officer now owns 62,141 shares of the company’s stock, valued at approximately $5,569,076.42. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,463 shares of company stock worth $1,400,727 in the last 90 days. Insiders own 17.10% of the company’s stock.

PriceSmart Trading Up 0.8 %

Shares of NASDAQ:PSMT opened at $86.89 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.66 billion, a PE ratio of 19.01 and a beta of 0.86. PriceSmart, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23. The business’s fifty day simple moving average is $91.51 and its 200-day simple moving average is $88.88.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.22). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the company earned $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded PriceSmart from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

About PriceSmart

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.