UBS Group AG Has $9.16 Million Stock Holdings in PriceSmart, Inc. $PSMT

UBS Group AG lessened its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 40.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 74,679 shares of the company’s stock after selling 51,379 shares during the quarter. UBS Group AG owned about 0.24% of PriceSmart worth $9,161,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PSMT. Progeny 3 Inc. acquired a new stake in shares of PriceSmart during the 3rd quarter worth about $27,825,000. Invesco Ltd. lifted its stake in shares of PriceSmart by 54.7% during the 2nd quarter. Invesco Ltd. now owns 551,566 shares of the company’s stock worth $57,936,000 after buying an additional 194,980 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of PriceSmart by 37.0% during the 3rd quarter. Victory Capital Management Inc. now owns 651,499 shares of the company’s stock worth $78,955,000 after buying an additional 175,806 shares during the last quarter. Millennium Management LLC lifted its stake in shares of PriceSmart by 5,150.6% during the 3rd quarter. Millennium Management LLC now owns 114,936 shares of the company’s stock worth $13,929,000 after buying an additional 112,747 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of PriceSmart by 24.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 489,201 shares of the company’s stock worth $59,286,000 after buying an additional 97,598 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Price Performance

NASDAQ:PSMT opened at $159.26 on Monday. PriceSmart, Inc. has a 52 week low of $99.98 and a 52 week high of $165.46. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 31.41 and a beta of 0.77. The firm’s 50-day simple moving average is $153.20 and its 200 day simple moving average is $140.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, April 8th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. PriceSmart had a net margin of 2.82% and a return on equity of 12.23%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm earned $1.45 earnings per share. PriceSmart’s revenue for the quarter was up 9.7% compared to the same quarter last year.

Insider Transactions at PriceSmart

In other PriceSmart news, Director Gordon H. Hanson sold 635 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $157.60, for a total value of $100,076.00. Following the transaction, the director directly owned 8,149 shares of the company’s stock, valued at $1,284,282.40. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edgar Zurcher sold 2,259 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $155.17, for a total transaction of $350,529.03. Following the completion of the transaction, the director directly owned 8,151 shares in the company, valued at approximately $1,264,790.67. This represents a 21.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of PriceSmart from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

About PriceSmart

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.