XTX Topco Ltd Trims Position in PriceSmart, Inc. $PSMT

XTX Topco Ltd lowered its position in PriceSmart, Inc. (NASDAQ:PSMT) by 73.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,617 shares of the company’s stock after selling 7,236 shares during the quarter. XTX Topco Ltd’s holdings in PriceSmart were worth $275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after buying an additional 252 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in PriceSmart in the 2nd quarter worth $28,000. Steward Partners Investment Advisory LLC increased its holdings in PriceSmart by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the period. Quarry LP purchased a new position in shares of PriceSmart during the first quarter valued at approximately $49,000. Finally, USA Financial Formulas bought a new position in PriceSmart in the 2nd quarter worth $53,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PriceSmart news, EVP Paul Kovaleski sold 1,305 shares of PriceSmart stock in a transaction on Friday, November 14th. The shares were sold at an average price of $114.55, for a total value of $149,487.75. Following the sale, the executive vice president directly owned 43,109 shares in the company, valued at approximately $4,938,135.95. The trade was a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gordon H. Hanson sold 851 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $117.44, for a total transaction of $99,941.44. Following the completion of the sale, the director owned 7,653 shares in the company, valued at approximately $898,768.32. The trade was a 10.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,706 shares of company stock valued at $1,467,980 in the last 90 days. 17.10% of the stock is currently owned by company insiders.

PriceSmart Trading Down 2.9%

PriceSmart stock opened at $124.34 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 0.57. The stock has a market capitalization of $3.84 billion, a PE ratio of 25.80 and a beta of 0.76. The business’s fifty day moving average is $120.85 and its 200 day moving average is $113.15. PriceSmart, Inc. has a one year low of $81.25 and a one year high of $129.16.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, October 30th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.08). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. PriceSmart had a return on equity of 12.34% and a net margin of 2.81%.The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. On average, sell-side analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analysts Set New Price Targets

PSMT has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of PriceSmart in a research note on Monday, December 1st. Wall Street Zen cut shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, PriceSmart presently has a consensus rating of “Strong Buy”.

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.