72,951 Shares in PriceSmart, Inc. $PSMT Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 72,951 shares of the company’s stock, valued at approximately $14,250,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PSMT. Geneos Wealth Management Inc. grew its holdings in shares of PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. UMB Bank n.a. increased its position in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in PriceSmart in the fourth quarter valued at approximately $32,000. Bell Investment Advisors Inc purchased a new stake in PriceSmart in the second quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. lifted its position in PriceSmart by 57.2% during the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

PriceSmart Price Performance

PSMT opened at $169.34 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.23 billion, a P/E ratio of 32.50 and a beta of 0.76. The stock has a 50-day moving average price of $185.62 and a 200-day moving average price of $168.05. PriceSmart, Inc. has a 12-month low of $106.87 and a 12-month high of $199.84.

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

Wall Street Analyst Weigh In

PSMT has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price target on shares of PriceSmart in a research note on Wednesday, August 12th. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, PriceSmart presently has a consensus rating of “Buy” and a consensus target price of $198.00.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 3,499 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $197.38, for a total transaction of $690,632.62. Following the transaction, the director directly owned 32,150 shares in the company, valued at $6,345,767. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Beatriz V. Infante sold 800 shares of PriceSmart stock in a transaction that occurred 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 transaction, the director directly owned 11,210 shares in the company, valued at $2,196,935.80. This trade represents a 6.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,737 shares of company stock worth $1,506,176 over the last ninety days. Insiders own 17.00% of the company’s stock.

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.