Burney Co. Takes Position in PriceSmart, Inc. (NASDAQ:PSMT)

Burney Co. acquired a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,577 shares of the company's stock, valued at approximately $5,030,000. Burney Co. owned approximately 0.18% of PriceSmart as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. EdgePoint Investment Group Inc. raised its position in PriceSmart by 2.7% during the third quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company's stock valued at $258,721,000 after purchasing an additional 74,201 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in PriceSmart by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company's stock worth $106,311,000 after buying an additional 35,390 shares during the period. FMR LLC lifted its stake in PriceSmart by 5.9% in the third quarter. FMR LLC now owns 1,182,739 shares of the company's stock worth $108,552,000 after acquiring an additional 65,492 shares during the period. Geode Capital Management LLC lifted its position in shares of PriceSmart by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 684,870 shares of the company's stock worth $62,868,000 after purchasing an additional 25,216 shares during the period. Finally, Copeland Capital Management LLC boosted its position in PriceSmart by 18.7% during the 3rd quarter. Copeland Capital Management LLC now owns 481,182 shares of the company's stock valued at $44,163,000 after acquiring an additional 75,896 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Price Performance

PSMT traded up $1.29 during trading hours on Wednesday, hitting $87.46. The company's stock had a trading volume of 183,427 shares, compared to its average volume of 264,631. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 19.14 and a beta of 0.86. The business's 50-day moving average price is $91.51 and its 200-day moving average price is $88.88. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12 month low of $74.74 and a 12 month high of $99.23.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.22). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 EPS. Sell-side analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut PriceSmart from a "buy" rating to a "hold" rating in a research note on Friday, January 10th.

Insider Buying and Selling at PriceSmart

In related news, Director Jeffrey Fisher sold 5,478 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $90.83, for a total value of $497,566.74. Following the completion of the transaction, the director now owns 21,646 shares of the company's stock, valued at $1,966,106.18. The trade was a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David R. Price sold 2,750 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total value of $253,660.00. Following the sale, the executive vice president now owns 48,844 shares of the company's stock, valued at $4,505,370.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,463 shares of company stock valued at $1,400,727 in the last three months. Company insiders own 17.10% of the company's stock.

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.