PriceSmart, Inc. (NASDAQ:PSMT) CEO Jose Luis Laparte sold 22,058 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $69.19, for a total value of $1,526,193.02. Following the sale, the chief executive officer now owns 187,054 shares of the company’s stock, valued at approximately $12,942,266.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ PSMT traded down $0.51 on Friday, hitting $68.97. 127,520 shares of the company’s stock were exchanged, compared to its average volume of 294,551. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.48. PriceSmart, Inc. has a 52 week low of $67.02 and a 52 week high of $94.45. The stock has a market capitalization of $2.11 billion, a PE ratio of 28.38 and a beta of 1.09.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in PriceSmart by 15.9% during the second quarter. Victory Capital Management Inc. now owns 5,134 shares of the company’s stock worth $465,000 after purchasing an additional 704 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in PriceSmart by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 7,521 shares of the company’s stock worth $609,000 after purchasing an additional 785 shares during the last quarter. Raymond James & Associates lifted its stake in PriceSmart by 1.6% during the second quarter. Raymond James & Associates now owns 70,008 shares of the company’s stock worth $6,336,000 after purchasing an additional 1,091 shares during the last quarter. Aperio Group LLC lifted its stake in PriceSmart by 41.3% during the second quarter. Aperio Group LLC now owns 4,987 shares of the company’s stock worth $451,000 after purchasing an additional 1,458 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in PriceSmart during the second quarter worth $200,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Several equities research analysts recently issued reports on PSMT shares. BidaskClub cut PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. TheStreet cut PriceSmart from a “b-” rating to a “c+” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded PriceSmart from a “strong sell” rating to a “hold” rating in a research note on Monday, September 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. PriceSmart has a consensus rating of “Hold” and a consensus price target of $90.50.

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PriceSmart Company Profile

PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

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