London Co. of Virginia Has $27.56 Million Stock Position in PriceSmart, Inc. $PSMT

London Co. of Virginia reduced its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 183,149 shares of the company’s stock after selling 6,868 shares during the period. London Co. of Virginia’s holdings in PriceSmart were worth $27,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of PriceSmart by 124.2% in the first quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock valued at $59,000 after buying an additional 370 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PriceSmart by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company’s stock worth $1,310,000 after acquiring an additional 648 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of PriceSmart by 41.7% during the first quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company’s stock worth $16,069,000 after purchasing an additional 53,874 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of PriceSmart by 12.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,642 shares of the company’s stock valued at $6,206,000 after purchasing an additional 7,717 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of PriceSmart by 34.7% during the first quarter. Intech Investment Management LLC now owns 18,673 shares of the company’s stock valued at $1,640,000 after purchasing an additional 4,806 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other PriceSmart news, Director Gordon H. Hanson sold 635 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $157.60, for a total value of $100,076.00. Following the completion of the sale, the director owned 8,149 shares of the company’s stock, valued at approximately $1,284,282.40. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Beatriz V. Infante sold 800 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $195.98, for a total transaction of $156,784.00. Following the completion of the sale, the director owned 11,210 shares in the company, valued at approximately $2,196,935.80. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,032 shares of company stock worth $660,982 in the last ninety days. Company insiders own 17.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

PriceSmart Price Performance

PSMT opened at $186.24 on Friday. The company has a fifty day moving average price of $181.61 and a two-hundred day moving average price of $161.07. The firm has a market capitalization of $5.75 billion, a PE ratio of 35.75 and a beta of 0.76. PriceSmart, Inc. has a 52 week low of $104.65 and a 52 week high of $199.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.04). PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis.

PriceSmart Profile

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.