PriceSmart, Inc. (PSMT) Position Maintained by TCI Wealth Advisors Inc.
TCI Wealth Advisors Inc. held its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,815 shares of the company’s stock at the end of the second quarter. TCI Wealth Advisors Inc.’s holdings in PriceSmart were worth $247,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. TIAA CREF Investment Management LLC increased its stake in shares of PriceSmart by 7.5% in the second quarter. TIAA CREF Investment Management LLC now owns 85,831 shares of the company’s stock worth $7,519,000 after purchasing an additional 5,990 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of PriceSmart by 11.6% in the second quarter. Teachers Advisors LLC now owns 50,591 shares of the company’s stock worth $4,432,000 after purchasing an additional 5,267 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of PriceSmart by 14.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 102,800 shares of the company’s stock worth $9,005,000 after purchasing an additional 13,000 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of PriceSmart by 8.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,378,780 shares of the company’s stock worth $120,781,000 after purchasing an additional 109,090 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of PriceSmart by 23.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,178 shares of the company’s stock worth $804,000 after purchasing an additional 1,749 shares in the last quarter. Hedge funds and other institutional investors own 71.98% of the company’s stock.
Shares of PriceSmart, Inc. (PSMT) traded down 0.06% during midday trading on Thursday, reaching $85.65. 10,283 shares of the company’s stock traded hands. PriceSmart, Inc. has a one year low of $78.00 and a one year high of $94.40. The firm has a market capitalization of $2.57 billion, a PE ratio of 28.00 and a beta of 1.25. The stock’s 50-day moving average price is $82.74 and its 200 day moving average price is $86.46.
PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, July 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The firm had revenue of $730.30 million during the quarter, compared to analysts’ expectations of $734.80 million. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts expect that PriceSmart, Inc. will post $3.07 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Roth Capital set a $102.00 target price on shares of PriceSmart and gave the stock a “buy” rating in a research note on Thursday, May 18th. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet cut shares of PriceSmart from a “b” rating to a “c+” rating in a research note on Thursday, July 13th.
In other PriceSmart news, Director Sherry S. Bahrambeygui sold 3,561 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $84.88, for a total transaction of $302,257.68. Following the completion of the sale, the director now directly owns 125,374 shares of the company’s stock, valued at approximately $10,641,745.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 28.00% of the company’s stock.
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PriceSmart Company Profile
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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