31,823 PriceSmart, Inc. $PSMT Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC lifted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 29.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 139,224 shares of the company’s stock after buying an additional 31,823 shares during the period. Calamos Advisors LLC’s holdings in PriceSmart were worth $23,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PSMT. Nisa Investment Advisors LLC lifted its stake in shares of PriceSmart by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 606 shares of the company’s stock valued at $102,000 after purchasing an additional 65 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in PriceSmart by 46.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 343 shares of the company’s stock worth $67,000 after purchasing an additional 109 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in PriceSmart by 22.6% during the first quarter. EverSource Wealth Advisors LLC now owns 651 shares of the company’s stock worth $98,000 after buying an additional 120 shares during the last quarter. Choreo LLC increased its position in PriceSmart by 6.2% during the third quarter. Choreo LLC now owns 2,584 shares of the company’s stock worth $437,000 after buying an additional 151 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in PriceSmart by 9.9% during the third quarter. GAMMA Investing LLC now owns 1,815 shares of the company’s stock worth $307,000 after buying an additional 164 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Activity at PriceSmart

In related news, COO John Hildebrandt sold 11,834 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $168.23, for a total transaction of $1,990,833.82. Following the completion of the sale, the chief operating officer owned 101,699 shares in the company, valued at $17,108,822.77. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Francisco Velasco sold 338 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the sale, the executive vice president directly owned 75,321 shares in the company, valued at $13,397,346.27. This trade represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.00% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

PSMT stock traded down $0.10 during mid-day trading on Friday, reaching $162.46. 203,214 shares of the stock traded hands, compared to its average volume of 263,080. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 0.07. PriceSmart, Inc. has a 52 week low of $114.38 and a 52 week high of $199.84. The business has a 50-day moving average of $169.54 and a two-hundred day moving average of $166.88. The firm has a market capitalization of $5.02 billion, a PE ratio of 30.09 and a beta of 0.80.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Monday, October 26th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.46 billion. PriceSmart had a return on equity of 12.15% and a net margin of 2.83%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PSMT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Jefferies Financial Group reiterated a “buy” rating and set a $198.00 price target on shares of PriceSmart in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $198.00.

About PriceSmart

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.